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Cameron,
I don't use ICE. It's a bit dangerous because of the curve fitting
aspects.
When I first tested it and figured out the sources of the curve
fitting, I took the equations apart and tested different combinations
of the 6 variables. I found some decent performance without curve fit
in some of the combinations.
The only plug-in I like is SpyGlass because the value of the ERS is
significant as a filter in trend systems. (I don't use Fire. Since the
subsequent upgrades will come out as Fire revisions, I'm probably
going to be forced to switch.) A lot of the early users of SpyGlass
didn't pay much attention to the ERS because they wanted the breadth
indicators and the custom indexes.
When I first bought it a few years ago, I didn't test the ERS. I
played around with it but I didn't take it seriously as a filter.
Later when I was doing momentum formula testing, another trader
mentioned their success with it, which got me thinking about it again.
My subsequent testing and strategic use of it lead me to my current
conclusions.
I've played with a lot of the other MS plug-ins, but none of the ones
I tried provided much in the way of consistent performance, so I never
used any of them in my trading. Oracle is a great piece of front end
coding but the systems are minimal.
As far as MS plug-ins go, I would never create or sell one because the
market is too small. Since Equis controls the market and has the
customer list exclusively to themselves, anyone who wants to sell any
significant volume of a plug-in has to go through them. Anyone who
doesn't become an Equis developer generally only reaches a fraction of
the market. It's not just plug-ins. Selling anything for MS means
selling into a very limited customer base that's hard to reach.
A few of the MS plug-in sellers have their products coded for other
platforms. Some of the other versions of the their products have more
features. I guess they make enough off of the combined platforms to
justify the time and expense involved in producing the products.
If I had any interest in being involved in business again, it would
have to be one that wasn't tied to a monopoly product like MS, and the
overall market would have to be much larger.
I think one of the interesting things regarding TA is I've subscribed
to Stocks and Commodities magazine since the early 1990's. I've read
every issue, and I think I've tested nearly everything in any article
I thought might make a difference in trading. Disappointingly nothing
has ever turned out to work very well for me so far. I did find an
article in there on the B&Q indicators which are pretty good trend
tools. However, I got the first version of those from a futures
trading article and then from Sepiashvili.
No matter what signals look like on a chart, every system should be
tested carefully both in-sample and out-of-sample regardless of
whether the system has one indicator in it or many indicators.
Super
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