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Cameron, I appreciate your candor, but the issue here is not exactly a
personal one for me.
My general aim has been to make so-called "newies" aware of the underhand
methods utilized by an anonymous poster with the gift of the gab, who
constantly promotes goods and services with which he has an undisclosed
financial connection with.
Perhaps you may not be aware of the full circumstances, and perhaps I may
not be able to divulge private details in an open forum, but not all is as
it seems here - altruism is definitely not the driving force behind this
anonymous poster's motives.
So what if he sells his wares to the unaware? After all, there are plenty
of sharks everywhere in this industry, right?
Well, there is something much more precious than money, and that is time.
A wasted life chasing rainbows is ultimately a regrettable one.
We've all wasted our hard-earned money on questionable goods and services
at one time or another, but that's just money - it comes and goes.
However, when we are cajoled and steered into wasting precious years of
our lives on useless dead-ends, then this ultimately has a lot more
potential for pain.
In the anonymous poster's case, he often rambles on about how poor
indicators and addons perform in 'professional testing', and then attempts
to cajole the inexperienced trader into believing that unproven and
untestable methods (such as buying high, as in high-ranking stocks) are
the way forward.
Well, I guess that if I also boasted about being a big trader and being
the repository of all trading wisdom (without an ounce of proof to
substantiate these extravagant claims), and consistently and ignorantly
put down Technical Analysis as a waste of time, and at the same time
hypocritically promoted TA-based products and services in TA-based forums,
and hid behind multiple nicks for cross-promotional purposes, then I would
also expect some heavy flak to come my way.
As for my reputation being tarnished, I guess that is the price I'm
willing to pay for being the sole voice against a scammer. I sleep well
at nights.
Enough said about this matter from me. Buyer beware.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, Cameron Reid <creid.mba2001@xxx>
wrote:
>
> Jose,
>
> Obviously you and Jim have some regrettable personal history. This is
unfortunate. But, I can see no advantage for you or any other member of
this community in your admittedly personal attacks.
>
> I hope you can read my comments with a friendly perspective. I have
purchased both your URSC Kit and the MACD Divergence Kit and I have not
been disappointed with products themselves or the service that followed.
I also see you as being very generous in your willingness to help others
write MS code. As an aside, I want to suggest that the Filter DLL that is
included in the URSC Kit is an exceptional value as it can be used to
accomplish many other tasks outside of the original design. All in all,
you are a credit to this community.
>
> Where we all lose is in the deterioration of the etiquette of this
community. In my opinion, Jim's comments are far from insidious and
vacuous. He has made very meaningful contributions to my education as a
trader and an investor and I am very grateful for this. I believe that
there are others who also appreciate Jim's comments. Because of your
animosity towards Jim we are all missing a moderated, thoughtful
discussion on the points of difference. Perhaps, the harsh tone of this
discussion is also discouraging others making thoughtful posts.
>
> Jose, I also want to call you out for making a number of, what I see
as, exaggerated claims. For example: Snake Oil Sales Man, Hidden Agenda,
Shady Character. From what I have read, you have made no attempt to
substantiate these claims. This makes it appear that you have fallen to
the level of name calling and in doing so you have risked tarnishing your
reputation for little or no apparent gain. It's a little silly, don't you
think?
>
> Other than a few books, I have never seen Jim attempt to sell anything.
In my opinion, Jim supports a select few of MetaStock add-on because he
genuinely believes that they can add value and because he has demonstrable
evidence to support these claims. Jim's support for the SpyGlass / Fire
product was presented with a very meaningful amount of evidence and
economically significant results over two issues of MSTT. Jim has also
made comments in support of ICE, I can't see a problem with this. If I
made a comment is support of John Slauson or ICE would you attack me?
>
> I'm getting to the point where I am beginning to ramble to I'll stop. I
hope you can see the intent of my comments and I hope understand that my
comments are not meant to be a person attack.
>
> Cheers,
>
> Cameron
>
>
> To: equismetastock@xxx: josesilva22@xxx: Fri, 2 Mar 2007 18:42:38
+0000Subject: [EquisMetaStock Group] Re: RSC isn't the issue
>
>
>
>
> Rvalue, you are absolutely right - I am "thrashing" Super/Jim/ValLine,
and I strongly believe that I have not only a good reason, but a duty to
our usergroup to keep shady characters in check.I find it difficult to
stay idle by the sidelines when someone with a gift of the gab and hidden
agenda keeps pushing nothing more than snake-oil to "newies" (as he's fond
of calling them). > Having multiple names is not a crime on the internet,
particularly when> you aren't selling software..Well, Rv, you'd be
surprised at finding out who is selling what. ;)Caveat emptor.jose
'-)http://www.metastocktools.com--- In equismetastock@xxxxxxxxxxxxxxx,
"rvalue1" <rvalue1@> wrote:>> I get the impression that Super is hardly
trashing Jose; rather that > Jose is trashing Super. In any case Super has
a right to his > opinions and if they don't track Jose's or heap
superlatives on his > software - its not a valid reason to trash him. > I
have used many add-ons; but do not own Jose's. I can say that I've >
certainly bought some usless ones and Jose's would certainly be > much,
much better, I am sure. But after buying MS10 and Ehler's add-> on, I am
laying off buying more right now. I did pick up a very good > idea from
the RMO - I have incorporated it into my own system. RMO > was of great
value to me.> Also, I have learned a lot from Super's posts and
suggestions - > probably the most - some were very basic concepts but for
whatever > reasons, they had eluded me for a while. I don't thing Super >
deserves trashing from Jose, so I hope Jose would get off it and > stick
to Metastock posts and quality support he continues to provide > many.
Providing positive opinions on add-ons that deserve it or > negative ones
on those that don't is useful ... Having multiple > names is not a crime
on the internet, particularly when you aren't > selling software..> As
for strategies - I prefer hedged system trading, biased to long > or
short
side based on the trading systems I apply. On the day the > DJ dropped
416, my account went up - and its for reasons like that I > like to keep
an open bias to up or down, based on stock behavior. > Last several months
I have been working on an aggressive return > system using options and
directional trading, tuning it and adding > position sizing methods to get
much more from it. Manual walk > backtested results were unbelievable -
which is why I am cautious > and don't fully believe it. But I am ready
for real money testing - > and thats what I am doing - with my own money.
Don't plan to toot my > horn or sell it. If it makes me a good money; I
will be richer for > it.. and will keep it. > If you get me real upset, I
might share a couple of well-known money > making services that totally
bombed for me, not that anyone would > realize it from there constant ads
and emails. But even that would > get them unnecessary attention I'd
rather not give them.> >> --- In equismetastock@xxxxxxxxxxxxxxx, "Jose
Silva" > <josesilva22@> wrote:> >> > > I think there's a miss
understanding I need to correct. I'm not> > > trashing Jose. > > > > No
problem - I care little about personal attacks anyway.> > What matters to
me ultimately is truth, specially if it can help > those of > > us that
are open to it, and those that don't have any hidden > agendas.> > > > >
>
> 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. > > > > There is little point in
harping about testing indicators to see > if they > > are profitable or
not, because there are an infinite number of > variables/> > combinations/
permutations involved in backtesting each one.> > > > For example, let's
take the Simple Moving Average:> > > > > > 1) Should we test it on a
simple price/crossover strategy?> > Cross(C,Mov(C,periods,S))> > > >
Well, if one wants to be safe and part of the crowd, and watch > one's >
> capital slowly bleed to nothing, the answer is YES.> > Changing
periodicities, MA types, data arrays, will result in an > > impossibly-
large combination of permutations. No one lives long > enough to > > be
able to backtest all of them.> > > > > > 2) Should we use it in a
contrarian way then?> > Cross(Mov(C,periods,S),C)> > > > Yes, provided
the fundamental strength of the market is known, and > we are > > prepared
for the inevitable drawdowns that betting against the > market > > brings.
Again, the myriad of permutations is akin to looking for > a needle > > in
a haystack.> > > > > > 3) And what about the other infinite number of
strategies using > the SMA, > > other than crossovers?> > > > > > As one
can see, "testing indicators for profitability" is a > totally > >
meaningless concept - it couldn't be done objectively even if the > whole
> > Human Genome Project team were assigned to it for the next 1000 >
years.> > > > Throw in the fact that the markets are constantly evolving
and > dynamic, > > and it soon becomes clear that making a career out of
backtesting > > indicators is a path to a meaningless existence.> > > > >
> > I didn't want to write my own DLLs.> > > > Shure - as if Mr
superfragalist had the option.> > Playing around with some ancient
mainframe back in college does > not offer > > one much in the way of
programming skills. I'll bet my reputation > that Mr > > superfragalist
couldn't put any meaningful MetaStock code together > if his > > life
depended on it, much less put together a useful DLL.> > > > > > > If Jose
had something that helped me, I would use it.> > > > Well, Jose did have
something to help you, but not in the way you > intended,> > Mr
superfragalist/valuelinetrader/Jim/Bob/John/Bill/William/Stan.> > > >
Cutting deals with Equis behind my back to sell my valuable > software for
> > 20% "royalties", and attempting to get a large kickback from Equis >
as the > > middleman, is definitely not my idea of helping anyone.> > > >
There are words that come to mind whenever I stumble on Mr >
superfragalist's > > insidious and vacuous posts, but etiquette prevents
me from > writing more.> > > > > > Caveat emptor.> > > > > > jose '-)> >
http://www.metastocktools.com> > > > > > > > > > > > --- In
equismetastock@xxxxxxxxxxxxxxx, superfragalist <no_reply@> > > wrote:> >
>> > > 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@> 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> > > Norton> > > > AntiVirus and have been found to be free
from infection. Virus> > > definitions> > > > are updated daily.> > > > >
> > > IMPORTANT NOTE: This e-mail, including any attachments, is >
intended> > > for the> > > > use of the person to whom it is addressed and
may contain> > > information that> > > > is privileged and confidential.
If the reader of this e-mail > is not the> > > > intended recipient, or
the employee or agent responsible to > deliver> > > it to> > > > the
intended recipient, you are hereby notified that any > dissemination,> > >
> distribution or copying of this information is STRICTLY > PROHIBITED.> >
> If you> > > > have received this e-mail message in error, please notify
us> > > immediately and> > > > delete the related e-mail and any
attachments.> > > > > > > > > > > > > > > >
________________________________> > > > > > > > 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@ <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@> > > > <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@ <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@ <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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