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I think there's a miss understanding I need to correct. I'm not
trashing Jose.
I should have errased the heading RSC.
The point I was making didn't involve the RSC. I was refering to all
of the plug-ins and the lack of specific information that gives a
buyer any way to evaluate what they are getting. It's not just a
problem in MS. Every TA program has the same issues.
The RMO is a good example. Right now there is only antidotal
information on it. It's practically impossible to test, but it's
touted as being a great performing system by Rahul Mohindar.
There will be people who say it works great for them. And there will
be others who say it doesn't. Both opinions are subjective. I like
objective data.
I've used parts of the RMO in a few systems I put together to see if
any of it was useful. Mostly I used the Rainbow portion. I used it as
an potential trade flag, and then used other criteria to determine if
the signal was a good trade. In that form it work pretty good.
However, a lot of other things would have worked just as well. (I
substituted a few.)
My point about testing indicators is really simple. In every test run
by professional systems developers like Stridsman where I have seen
the data, favorites like relative strength and stochastics have
produced erratic, inconsistent results.
I mentioned I had tested all kinds of momentum formulas and the
results were marginal with the exception of a couple of things. I
mentioned the slope of the price curve and the external relative strength.
Basically the reason I posted what I had seen in the tests was to give
anyone interested in momentum indicators a direction they might want
to look in to do their own tests.
I really don't care what formulas someone uses to figure out the slope
of the price curve or to calculate external relative strength. I use
SpyGlass because it's the only method I've found for external relative
strength that is easy, works consistently and is cheap. I didn't want
to write my own DLLs.
May be someone else can do a search and find another way to do the
same thing in MS with another tool. If there is something else, I
would like to know. I will probably buy it and test it. (For those who
care, I don't use Fire.)
Using Relative Strength Comparatives has been around a long time.
There are many ways to get the RSC results. I've heard using RSC
works. It seems logical, but I haven't seen anything but antidotal
evidence.
In my own trading I used a variety of sources for the relative
strength calculations. I used my own formulas, and I subscribed to
vendors who provided the rankings. It worked so, so for me. It didn't
provide the consistency I was looking for. However, I certainly didn't
try all of the ways to use RSC values. I'm sure there are 1000s of
other trading methods that can be used with the RSC rankings.
I'm always looking for ways to improve what I do. If Jose had
something that helped me, I would use it. No quesiton. I would base
what I was willing to pay on how much it helped me. How would I know
if it helped me. First I would test it, and if the test results were
good according to my criteria, I would incorporate into my trading and
then see what happened in real time.
To me, it doesn't matter about the skills of the tool provider. It
doesn't matter about the cost. It doesn't matter how much free stuff I
get. It doesn't matter how much support the vendor provides. I care
about the objective data on performance and how well it works in live
trading.
My point in the post was no one provides objective data. If they did
it would either kill the sales of their product or give it a real boost.
Rahul Mohindar appears on the financial news occasionally in India. If
someone runs across him, they should ask about the test results from
the RMO, since it is his system.
Back in the late 1990's a lot of traders were commenting on all kinds
of things that were making them big money. Then in 2000, they were
posting about how the tools had failed them and they lost most of the
the money they made in the 1990's.
Consistency is really hard to achieve. Finding something that works
sometimes isn't.
--- In equismetastock@xxxxxxxxxxxxxxx, "Scott and Sarah Gorman"
<TradingFloor@xxx> wrote:
>
> I agree! Although I'm in the background of the discussions, I read
each one.
> It's getting to a point that a great number of postings are not
related to
> learning and applying Metastock formulae. Also, trashing Jose is highly
> inappropriate. Afterall, he's giving his time and expertise to the
group.
> We should all appreciate Jose's efforts and show him nothing but
respect.
>
> Scott
>
> (On the Trading Floor)
>
> "Don't let the market make a monkey out of you"
>
> Dr. Scott Gorman
> 6340 NE 19th Avenue
> Fort Lauderdale, FL 33308
> Tel: (954) 202-3536
> Fax: (954) 337-0704
> Cell: (954) 288-2020
>
> PLEASE NOTE: Any attachments to this message have been scanned by
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>
> ________________________________
>
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of Lionel Issen
> Sent: Wednesday, February 28, 2007 8:38 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: RE: [EquisMetaStock Group] Re: RSC-Price?
>
>
>
> This thread is getting too personal.
>
> Perhaps the participants could continue this via private emails.
>
> Lionel
>
> From: equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com>
> [mailto:equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com> ]
> On Behalf Of Eduardo Gontan Pulgarin
> Sent: Wednesday, February 28, 2007 4:25 AM
> To: equismetastock@xxxxxxxxxxxxxxx
<mailto:equismetastock%40yahoogroups.com>
>
> Subject: Re: [EquisMetaStock Group] Re: RSC-Price?
>
> No, I cannot tell in % or otherwise; I have also got TradeSim: I sent an
> e-mail about a problem, and never received an answer; luckily I was
able to
> sort the matter out myself. They do offer a forum like this one, though,
> where you can get feedback from other users.
> I have got AlphOmega; don't use it anymore, though, as I lost faith in
> Elliott Wave, but I keep it as sometimes studying the code helps me
getting
> answers to my questions.
> I still think that "Get lost" is the answer you deserve; there is a
price
> for a good/product, take it or leave it. I can live with that, why can't
> you?
> As for seeing the goods on display, how do you know you are going to
like
> the taste of it? Not all beef taste the same, you see; some contains
more
> water due to type of the feed, or has been frozen; so to sell it, it
must,
> per force, be cheaper! Not all cows are fed on grassland!
> There is a lot going on about add-ons, and there is a lot of information
> about them, too, as much by satisfied as by unsatisfied users - just
search
> for the posts, for Goodness sake, or ask about it, and people will
reply.
> So far I haven't seen a complain about Jose's products, while there is
> plenty about others.
> What incenses me is, who do you think you are to tell others how to
price
> their goods? Have you got any idea of the work involved? My (now
retired)
> father-in-law, along with my brother-in-law, own a sewing machine shop,
> selling sewing machines and, when possible, repairing them, to keep
their
> custom satisfied; occasionally they may make deals, but if somebody came
> into the shop telling them what you have posted earlier, the answer
would be
> a clear "get lost" - and so it should! Perhaps you might want to try
all the
> sewing machines on display, too? To make sure that they do some
sewing, who
> knows...
> Speak your mind by all means, but then, don't get too upset by the
answers
> you'll receive when others do the same!
> Eduardo.
>
> a a <swptec@xxx <mailto:swptec%40yahoo.com>
> <mailto:swptec%40yahoo.com> > wrote:
> Hi Eduardo,
>
> I was merely voicing my opinion, I don't think it merits a comment
such as
> "Get Lost".
>
> Your analogy of a butcher and supermarket is not correct. There you
can see
> beforehand the stuff you are buying. In any case the cost is low and
you can
> try both before settling down into a preference.
>
> With so many add ons available claiming to achieve all sorts of
wonderful
> things, one has to shoot "blind" i.e buy something first for $ 1000
and then
> try it and maybe lose some money trying it. So the the awards and the
> relative cost become important.
>
> Maybe you could tell me what kind of money (in percentage terms per
annum
> and over how many years) you manage to make from URSC to help me
make up my
> mind. Also how many other add ons you have tried (and perhaps)
abandoned and
> how much money you lost trying them.
>
> You have the benefit of experience, I don't.
>
> Thanks.
>
> Eduardo Gontan Pulgarin <con051204@xxx
> <mailto:con051204%40yahoo.co.uk>
> <mailto:con051204%40yahoo.co.uk> > wrote:
> What a strange post; so, if I went, say, to my butcher, and told him
to set
> his prices to what the supermarket charges, on the ground that his
beef is
> not an award winner, and that increase in sales will make up for the
> diffference in price, what answer should I expect?
> You have got a funny way of looking at life, mate; if you can't
afford it,
> then do as I have done for a long time - don't buy it!
> When I bought Jose's URSC kit, I couldn't care less about how much other
> add-ons cost, or if it was an award winning one; I cannot speak for
other
> users, of course, but I would be surprised if they didn't feel like
I do!
> The kit does what it says it does; Jose's support is terrific -
sometimes I
> get an answer to my e-mail within minutes, I live in UK and Jose in
> Thailand; that's the other side of the world, for you! Any coding
query is
> dealt with swiftly, at no charge; and I have seen some silly ones! No
> matter, they are answered, and promptly!
> Do you find this is the case with other add-ons suppliers?
> People find Jose a dependable developper, and his products work; as a
> result, I think that Jose is well entitled to charge what he sees
fit, don't
> you think?
> I am not Jose, but quite frankly, if I was, I would tell you to get
lost!
>
> Eduardo.
>
> a a <swptec@xxx <mailto:swptec%40yahoo.com>
> <mailto:swptec%40yahoo.com> > wrote:
> Hi Jose,
>
> URSC kit + MACDH kit will set a person back US $ 1040, more than the
cost of
> Metastock 10 EOD. A lot of people, myself included, simply cannot
even think
> of such an expensive add on. Kindly re-look your prices and bring
them at
> par with other add-ons. Increased sales will offset reduction in
price. Let
> us not forget that your stuff is not even a nominee in TASC awards, let
> alone being an award winner.
>
> Thanks.
>
> Jose Silva <josesilva22@xxx <mailto:josesilva22%40yahoo.com>
> <mailto:josesilva22%40yahoo.com> > wrote:
> Eric, price for the URSC tool-kit is Eur 395.
> See here for price in other currencies:
> http://www.metastocktools.com/URSC/URSC.htm
> <http://www.metastocktools.com/URSC/URSC.htm>
>
> The URSC kit has many useful tools, but does not come with the
Long/Short
> SmartStop Initial/Trailing stop found in the Divergence kit:
> http://www.metastocktools.com/MACDH/MACDHdiverg.htm
> <http://www.metastocktools.com/MACDH/MACDHdiverg.htm>
>
> For risk-normalized backtesting tools found with the URSC kit, see this
> article on Trading System Evaluation/Development Tools:
>
> http://www.metastocktools.com/URSC/sysdev.htm
> <http://www.metastocktools.com/URSC/sysdev.htm>
> http://www.metastocktools.com/URSC/sysdev2.htm
> <http://www.metastocktools.com/URSC/sysdev2.htm>
>
> jose '-)
> http://www.metastocktools.com <http://www.metastocktools.com>
>
> --- In equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com>
> <mailto:equismetastock%40yahoogroups.com> , "erc90" <erc90@> wrote:
> >
> > Jose,
> >
> > What is the price? Are we able to set stop loss orders using the URSC
> > DDLs? I wish to back test using the explorer or the system tester.
> >
> > Eric
>
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