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I recently inquired about the cost of the program and got an e-mail
that I had to fillout their detailed form to get that information.
Curious. First time aI've encountered that. I didn't complete the
form..
--- In equismetastock@xxxxxxxxxxxxxxx, "equtrader" <equtrader@xxx>
wrote:
>
> Alex see this thread:
>
> http://finance.groups.yahoo.com/group/equismetastock/message/24411
>
> I have APS for more than three years. The program does exactly what
> it is supposed to do and support is excellent. I use it with
Metastock
> and Wealth-Lab. There is no issue of curve-fitting since the
patterns
> APS finds are true formations and you cannot change the
> timing they occur in the same way you can do that when changing the
> period of a moving average crossover.
>
> There are other issues with price patterns:
>
> (1) Statistical significance: often difficult to determie
> (2) Endurance: how long a pattern will remain profitable
>
> I never use signals from just a single pattern. I always
> look for multiple formations during a specific time frame. In a
> Bayesian probability sense this provides a better chance for
> profitable signal. I found the delay option very useful.
>
> This article in the APS website discusses the endurance issue for
> QQQQ patterns:
>
>
http://www.tradingpatterns.com/About_Us/articles/article3/article3.htm
> l
>
> Joe
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Alex Spiroglou"
> <a.spiroglou@> wrote:
> >
> > I recently bought the Price Patterns book from Mike Harris Short-
> Term
> > Trading with Price
> > Patterns<http://www.amazon.com/Short-Term-Trading-Patterns-
Michael-
> Harris/dp/0934380600/ref=pd_bbs_2?
ie=UTF8&s=books&qid=1197792072&sr=8-
> 2>
> > He has written numerous articles in various magazines.
> >
> > Does anyone use his
> > software<http://www.tradingpatterns.com/Software/software.html>?
> > I would like to use it as an add-on to my strategy (not rely
solely
> on it)
> > to signal actual trade entry.
> > Conceptually it appears appealing, but I dont know to what extend
> it may
> > borderline with curve-fitting.
> >
> > I would very much appreciate if anyone could provide client
> testimonials.
> >
> > rgds
> > Alex S
> >
> >
> > [Non-text portions of this message have been removed]
> >
>
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