Metastock Predictions

ilia king

Well-known member
327 0
I currently use metastock 8 professional, I like to use the expert advisor (who doesn't :cheesy: ), however nearly all the signals are given on a two week basis. Is there an indicator (a bit like stoch rsi) that would give me buy and sell signals within a week?, or days even. :eek:

Many Thanks
 

ilia king

Well-known member
327 0
I think I found one - PS MESA SINE WAVE
 

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zambuck

Experienced member
1,608 102
Hi ilia king..

I use MS as well...and I have learned to treat the Expert Advisor with a with careful caution...

In a way I don't use Expert advisor...not I use System tester as I know there are flaws in the coding...This has been explaind in great detail on MS users Site in Yahoo....

Charts are the ones that show all...and I tend to rely on that more then these gimmicks...

I use P & F (indexia) and use Explorer the most as it nicely filters all items that fits YOUR requirements....and after that few charts and decision to buy or short...

However please give feedback if you think that an Expert Advisor proves profitable...I have not had any consistent sucess with it...but then I consider myself as a beginner and not an Expert Trader...so I look at anything that is discussed and then decide to follow it up or ditch it...

regards
 

ilia king

Well-known member
327 0
Zambuck, I'm not sure what you mean? :eek: How does the software contain flaws. It makes wrong predictions or does it just lose all your money? :cheesy:
 

zambuck

Experienced member
1,608 102
Ilia King

Please see the discussions in the link below....there are many points discussed there....you may need to go back in archieves.,..

You may find that people have raised questions about few bugs in the 8.01 ver...some are still using 7.22 rather than 8.01...

With any new version have caution before diving headlong and making trading decisions...I still use 7.22 along with 8.01 for confirmations..

http://groups.yahoo.com/group/Metastockusers/message/9204

regards
 

rog1111

Established member
673 10
ilia king said:
I think it looks pretty good - but feel free to comment.

IMO, visually I think it's amazing how for many of us the brain can see what it wants to see. Because we are looking for a system that works, then when we look at a chart like this, we look for confirmation that it does in fact work, rather than looking for the negatives.

I assume that the data is daily data, and that the arrows are only issued once the bar is finished ? If so, you can only act on it the following day, in which case there are obviously some good trades, but there is also a heck of a lot of whipsawing. I dont think a simple visual appraisal is adequate in this or any case. There are many other questions that I would want to ask myself eg is my trade entry the next day conditional ? Or on open ? Where are my stops ? How much of my capital am I prepared to risk per trade ? How do I trail my stops ? etc

rog1111
 

ilia king

Well-known member
327 0
zambuck, should I then use Metastock 7.2 - because I've still got it?
 

rog1111

Established member
673 10
ilia king said:
rog1111, I've read Trading in the Zone, and know what you mean, but it's very difficult not to.

ilia

Yes, I agree, I also find it very difficult. Some serious backtesting usually brings me back down to earth with a bump though. Its amazing how a great looking chart with great looking indicators can turn out to be a losing proposition when backtesting is done realistically.
 

ilia king

Well-known member
327 0
zambuck, I can't access the site, do I need a membership with yahoo. Also rog111 I too am not sure of when to buy, the arrow points to the days low, but I'm not a day trader. Is there a way of changing it to 'close data'. And yes the data is daily data
 

zambuck

Experienced member
1,608 102
ilia king said:
zambuck, should I then use Metastock 7.2 - because I've still got it?

Best way to establish the validity of results is to use both packages with same parametrs and see the results...many more experienced users of MS still continue to use 7.22 and keep 8.01 ticking over...

I have a feeling that 8.01 system tester will be overhauled in next release...

regards
 
 
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