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[1nightdream]

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July - August 2011 MetaStock Monitor

The Essence of High Probability Trading

Contributed by Jeff Kilian

It would seem with the plethora of available stock trading software platforms and accompanying rocket science technical techniques it should be a non-complex subject matter to once and for all define the essence of High Probability trade. However most of the inefficiencies associated with substandard trading results are to this day directly related to Backward Technical vs. Forward Technical . The before mentioned produces analytical findings and although factual are loosely based on independent indicator findings in isolation and therefore cannot produce the high probability trades we all seek to profit from. The after mentioned produces an entirely different outcome based on the desired result. The desired result now becomes our focus and the end goal is to trade only those stocks that have the highest probability of making an accelerated highly profitable move and do it in a short period of time. Before we proceed with making the case for superior single stock selection using this methodology we must first consider the definition of “essence” and its core value directly related to a trading methodology.

Essence is the permanent as contrasted with the accidental element of being; and moreover the real and ultimate nature of a thing as opposed to its existence. Most Technical Analysts are searchers of the truth and in this case that truth becomes the objective findings that create actionable intelligence for real life profitable stock trading opportunities. A truly committed technician exists in the trading world where his/ her findings are either black or white as the grey area is for the participants we require in the marketplace to realize our profits from. Unfortunately most traders and investors drawn to the marketplace employ Backward Technical due to a lack of experience or simply have not yet discovered the essence of high probability trading. So now let’s present a closer look at a Methodology using a step by step approach that has stood the test of time in producing the type of trades we all want to make.

Since the beginning recorded history in the US Stock Market; volume has been responsible for some of the most profitable moves in stock prices. By nature an unusually large or historical amount of positive volume at a certain price level clearly indicates accumulation. This accumulated buying as seen through the eyes of a seasoned investor or trader has great significance as this is a clear signal that a combination of insiders, pension fund managers, and financial institutions have made a decision to trade the security with a vested interest in selling it off at a forward date.


Chart 1

An example of how to determine that accumulation is in fact positive is evidenced by a volume spike of two maybe three or four or more times greater than the 21 period average daily volume or an accumulated high level of volume over a specified number of days that co insides with a newly formed Pivot Point low. Now in the case of an oversold or beaten down security, that pivot point low with the volume spike located directly underneath it could then be located at a previous price level established 6 months ago being the same level where another pivot point or base level formation had previously been established as well. The simple double bottom pattern now takes on a new significance as the smart money players have decided that this price level has now become the new intrinsic base value of the stock. The smart money or shall we say the people whom actually control stock prices have now taken a position with an intended intermediate to longer term hold time to surely sell it off with a huge profit. We know this because a vested interest in the accumulation of a stock by these people is one where there is an expected payback and is carefully orchestrated and is always realized. History has shown us time and time again that when the deal is sealed between the powers that be; the stock gets its big upward price move as surely as the sun rises and sets. So now that we have qualified the first step in indentifying a real high probability trade lets proceed with the integration of technical Indicators being graphical representations of mathematical formulas based on price and time as applied to Forward Technical .

The MACD Indicator as applied to single stock trading using this methodology serves as a trend following indicator showing us where the trend is likely to change direction by the crossing of the MACD line from below to above the signal line, with being situated below the zero level. Dependent upon the current chart pattern formation it as well may be on a short or long term positive divergence additionally signaling pent up buying pressure within the security that has not yet been realized in the form of the stocks upward price movement. The ideal indicator formation is it being on a short to longer term positive divergence relative to the chart pattern formation and now having the MACD cross above the signal line but still below the zero level; but now with continued upward momentum signaling in isolation the stock has “alta probabilidades” or (high probabilities) for a substantial upside move.


Chart 2

The Stochastics Fast indicator as applied to single stock trading serves as a first responder providing us with advanced notice of the directional change in prices. Again let me say in another way, an advanced notification of future directional price movement before the stock price has made its reversal in direction. The 21 day Fast Stochastics has direct application to this methodology as when we have a security in an oversold environment it objectively provides us with a relative comparison in the form of its graphical representation of where today’s closing price is as compared to where it was 21 bars ago. Remember we are using objective here and not subjective where as objective by nature is something that can be analyzed and the results are verified as being the truth.


Chart 3

The Money Flow indicator as applied to single stock trading now becomes the critical link between all of the indicators previously discussed. It is the ultimate indicator that confirms the tide of funds that have come into a security “desde principio” or (from the very beginning) was in fact the insiders, pension fund traders, the financial institutions that make the market all in unison initiating their positions for a forward dated highly orchestrated sell off for a substantial profit.


Chart 4

Now let’s integrate the 3 and 7 period pair of exponentially smoothed averages as the last confirmation that price movement and the momentum behind it are more than a mere aberration or anomaly and the train is now leaving the track being the first and official confirmed move of the intermediate or longer term stock price move that will play itself out over time. Exponentially weighted averages as in the preferred 3 and 7 day will guarantee us that we initiate our trades at the most opportune time and not come late to the party as SMA’s that the lesser experienced traders and investors would like to believe still have some validity.


Chart 5

Now that we have the set up and have successfully constructed a valid and powerful core Trading Methodology for single stock selection, we have to decide when to execute the trade. Basing our entry on only a specific predetermined day can lead us to miss the correct entry and get shaken out of the trade only to see the stock catapult upwards. So how do we deal with the time element as it relates to the move? The answer is to expand the window of opportunity by widening the time period we allow ourselves to actually take the trade and by allowing all conditions to be met in any order that they may appear within it! Again we do not need a specific order for all the conditions to be met before we trade. All conditions met within per say a 10 bar period parameter now allows the trader the flexibility where not previously possible, for the trigger day to be located anywhere between day 1 and all the way up through day 10.

Whether you are a beginning trader or a seasoned professional. Following and staying true to this methodology will allow you to consistently maximize your profit potential and minimize your downside risk other methodologies only aspire to. Now this my fellow traders and investors we can all agree is ”the essence of high probability trading”.

About Jeff Kilian:

Jeff Kilian is a 13 year veteran trader, technical analyst, and educator. He is the founder of www.theinsidetechnician.com specializing in “one on one’ developmental training for those whom aspire to become real life profitable traders.

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Support Tip
Can I create a spread symbol for Market Watch in QuoteCenter?

Contributed by MetaStock Support

For QuoteCenter Only

Have you ever wondered what spreads do?

Spreads compare two securities to show how the securities are performing relative to each other. Traders normally use spreads for calculating futures. Spreads are calculated by subtracting the value of one security from the value of another security.

Here's how you can create a spread symbol in QuoteCenter:


1. In QuoteCenter go to "Tools" then "Plug-in Manager".


2. Select "Derived Vehicles". Click "OK".


3. Click on "New". Give the Name and Description fields the same name.


4. Set Display Units to Dot # (# = the number of digits past the decinmal point you wish to use).


5. In Var: A type the first symbol. In VAR: B type the second symbol.


6. In the formula area, enter how you would like to have the spread calculated. You will reference the variables you assigned in the previous step (in this case, A and B). This will automatically populate below in the expanded formula area. You may use +, -, *, and / for functions.


7. At this point, your new spread symbol should be created and saved. To access it, you need to open Market Watch. To do this, you need to open a new blank workspace.


8. Double click anywhere in the work area and select the MarketWatch option.


9. Under the symbol field, click and type in D:name of the custom symbol. For this exampl, it would be D:IBM - AAPL.


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MetaStock Power User Tip
Opening Charts

Contributed by Breakaway Training Solutions
In this six minute video, you’ll learn some tips and tricks when opening charts, problems that some people experience and shortcuts that might be of help to you. Have a look!

http://www.learnmetastock.com/FreeSt...penCharts.html

For more MetaStock training, make sure to visit us at www.learnmetastock.com or email us at admin@learnmetastock.com.

About Kevin Nelson

Kevin Nelson is the founder of Breakaway Training Solutions, Inc. He has spent the last 17 years becoming an expert on MetaStock software and a serious student of technical while working for MetaStock. Prior to joining MetaStock in 1993, Kevin was a stockbroker for a well-known NYSE firm. In his role as Sales Manager at MetaStock, Kevin interacted extensively with MetaStock customers via phone, webinars, and public appearances. His experiences while working at MetaStock have enabled him to gain a keen understanding of the needs of technical analysts worldwide. While with MetaStock, Mr. Nelson was a featured presenter for four years. During this time, he traveled the U.S. introducing the MetaStock program to thousands of people and teaching them how to use its many features. His easy-to-understand approach is considered by many to be the best in the industry.

[tradingpro8x]

Đây là series những bài nghiên cứu chuyên sâu về phần mềm phân tích kỹ thuật PTKT MetaStock

Two Patterns to Catch New Trends Early: The Bowtie and the First Thrust

Contributed by Dave Landry

The trend is your friend is one of the few true market adages. Critics will argue that a trend is your friend until it ends. And, admittedly, this is true. Trends do not last forever. Eventually they exhaust themselves but quite often, a new trend in the opposite direction emerges. However, established trends can often last much longer and go much further than most anticipate. Trying to buy a stock (or other market) because it is low or sell short a stock because it is high is a loser's game. The good news is that the stock will leave clues that a trend is turning and will usually have a minor correction before resuming its new trend. Looking to enter after that minor correction and only if the new trend shows signs of resuming is the goal of my transitional patterns and is illustrated below.



When you catch a new trend early, the payoff can be huge. Unfortunately, since you are fighting what could turn out to be only be a correction in a longer-term trend, you have to realize that there will be a higher failure rate than trading pullbacks in established trends. Like the pioneers, when trading transitions you are either going to get the gold or the arrows.

Let's look at two of my favorite transitional patterns, First Thrusts and Bowties.

First Thrusts

Markets in major trend transitions often begin with a bang. They make a sharp thrust in the new direction. This tends to catch participants off guard. Trapped on the wrong side of the market, they find themselves waiting for the market to reverse so they can get off the hook. Bottom pickers and top pickers who missed the top or bottom and do not want to pay up are also waiting for some sort of meaningful correction. Unfortunately for these traders, the meaningful correction may never come. Often, markets making a sharp thrust in a new direction only pull back very briefly before resuming their new trend. The old market participants will soon be forced out at adverse prices and the bottom/top pickers must pay up or risk being left behind. By waiting for the market to have a sharp thrust in the new direction, you avoid the pitfalls associated with picking tops/bottoms. By looking to enter at the first signs of a correction rather than waiting for something more substantial, there is the potential for your position to be helped along by the predicament of the aforementioned traders.

Let's look at the pattern. Referring to figure below, after making a significant new low (1), the market should have a sharp thrust in the new direction (2) and then make a lower low and a lower high; in other words a 1-bar pullback (3).* Look to enter above the high of the pullback (4).



*Rule 3(a). Occasionally markets are in such sharp reversals that they will only make a lower high (vs. lower high and lower low). These make for somewhat risker trades. With risk comes reward though. Sometimes you're able to get into a major trend early.

The best transitional patterns come off of markets that are making major new lows for longs. This helps to ensure that the most people as possible are on the wrong side of the market when the trend turns. Notice below that Berry Petroleum is at its lowest level in over a decade (1). The stock then has a sharp thrust higher (2). The stock makes a lower-low and a lower high (3). Go long (4) above the high of (3).



The great thing about transitional patterns is that they occur in all markets and in all time frames. Here's an example in the weekly Australian Dollar (AUD/USD). The currency makes an all-time high (1) and then begins to sell off (2). It then makes a higher high and a higher low (3) to complete the setup*(4). A short is triggered when the stock turns back down. The contract resumes its slide over the next few weeks.



*Note: a somewhat more aggressive entry would have been to enter after the higher low only (a)

Bowties

The First Thrust is a fairly abrupt pattern that occurs over very short periods of time. These new trends begin with a bang. Sometimes though, new trends start more gradually. Markets go through a distribution phase and then begin to accelerate in the new direction as the new trend emerges.

For this pattern, I use a 10 day simple, 20 day exponential, and 30 day exponential moving average. Although all indicators are prone to lag, I did notice that these moving averages would often come together and then spread out in the opposite direction right before a market makes a major transition. That is, they would go from proper downtrend order - the faster moving averages (shorter periods) below the slower moving averages (longer periods) - to proper uptrend order - the faster moving averages above the slower moving averages. When this happens over a short period of time, it gives the appearance of a Bowtie. This is illustrated below. Notice that the moving averages are in downtrend "proper downtrend order" 10-SMA < 20-EMA < 30-EMA but quickly flip over to uptrend proper order 10-SMA > 20-EMA > 30-EMA). Ideally, this should happen over a period of three to four days (1). After this occurs, it suggests that the market has made a major trend shift. However, it is still prone to correct. Therefore, you wait for the market to have at least a 1-bar pullback (2) and then look to enter after that minor correction (3).



Like all my transitional patterns, I prefer those that come off of major highs or lows.

Let's take a look at an example. USG Corp. (USG) makes 6-year plus lows (a). Notice that the Bowtie moving averages are in downtrend proper order (10SMA <20EMA <30EMA). Then as the stock begins to bottom, the moving averages come together and then change to uptrend proper order (10SMA>20EMA>30EMA) over a short period of time. This creates the appearance of a bowtie( 1). This makes a lower low and a lower high followed by another lower low and lower high (2). Enter when the high of (2) is taken out (3).



Although I'm not a big fan of day trading, the following Bowtie caught my eye on the 5 minute chart when asked about the ETF during a recent webcast. It actually was triggering during the live show.

The Direction Small Cap Bull Shares (TNA) make an intra-day high (a). In fact, this is actually also a multi-day high. The moving averages come together and quickly cross over to form the bowtie (1). The ETF pulls back (3). Enter as the trend begins to resume (3).



Staying on the right side of the market

Transitional patterns can often alert you to the fact that an old trend is coming to an end and a new one is emerging. In fact, they can signal the beginning of major bull or bear markets for stocks and other markets (e.g. Forex, commodities, bonds, etc). This is especially true if the market is making a longer-term high or low. If you study major market turning points - such as the stock tops in 2000/2007 and the bottoms in 2003/2009, and now the top (?) of 2011, you'll see that transitional setups occurred as the market turned on a variety of time frames. Not every transitional pattern will turn into a major top or bottom but all major tops or bottoms will have some sort of transitional pattern. Let me repeat, all major tops or bottoms will have transitional patterns. This is what makes watching for them so worthwhile.



Summary

Trying to picks tops or bottoms is a loser's game. You're much better off waiting for the market to show signs that the trend is turning and then look to enter after the first correction. The First Thrusts and Bowties are two of my favorite patterns I use to catch new trends early. The best setups occur after major highs and lows. Multi-year or even lifetime highs/lows work the best. This helps to ensure that the most traders are trapped on the wrong side of the market. Not all transitional patterns will turn into major tops or bottoms but all major tops or bottoms will have transitional patterns. Like the pioneers, when trading transitions you are either going to get the gold or the arrows. I think the chance for gold makes it all worthwhile.

For more information

For more information on trading transitions, see Dave Landry's 10 Best Patterns and Strategies (www.davelandry.com/books.htm) and his newest book "The Layman's Guide To Trading Stocks". Amazon.com: http://tinyurl.com/2vo395r

About Dave Landry:

Dave Landry has been have been actively trading the markets since the early 90's. In 1995 he founded Sentive Trading, LLC,(d/b/a www.davelandry.com)--a trading and consulting firm. He is author of Dave Landry on Swing Trading (2000), Dave Landry's 10 Best Swing Trading Patterns & Strategies (2003), and The Layman's Guide to Trading Stocks (2010). His books have been translated into Russian, Italian, French, Japanese, and Chinese. He has made several television appearances, has written articles for several publications including Technical of Stocks & Commodities, Active Trader, and Traders Journal-Singapore. He has been publishing daily web based commentary on technical trading since 1997. He has spoken at trading conferences both nationally and internationally. He holds a Bachelor of Science in Computer Science and has an MBA. He was registered Commodity Trading Advisor (CTA) from 1995 to 2009. He is a member of the American Association of Professional Technical Analysts.

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Support Tip
QuoteCenter Application Symbol Cheat Sheet

Contributed by MetaStock Support

Have you ever wanted to look up a symbol in MetaStock quickly but didn't know how to do it?

If you answered "Yes", to the previous question this article is just for you! Below you will find tips on how to locate indices, futures, mutual fund, stocks and much more! The first step is to open up MetaStock. Once you are in, go to "file" and "new chart".



After selecting the "new chart" option, the following screen will appear.



This allows you to select how you would like to search; by symbol or by name. The following information below should help you determine how to search for the information you desire. To search for:

Indices (QuoteCenter)
All countries have indices. To locate indices in MetaStock, you need to know the country code. For this example, we will use the United States index code (us). All index symbols begin with either a (us or (us&) and must be all upper case.
Examples: us&SPX (S&P 500 index)
us;NDX (Nasdaq 100 index)

Futures (QuoteCenter)
There are two types of futures symbols: specfici and continuous.
Specific contract: Each specfic contract symbol must always have a month and year code and always begin with the country code. For this example, we will use the United States (us). The symbol format is as follows:
countrycode@basesymbolyearmonth
So, the following symbol us@ES07U is for the SP Emini 2007 September contract.

Here are the month and year codes:

Month Codes
January - F
February - G
March - H
April - J
May - K
June - M
July - N
August - Q
September - U
October - V
November - X
December - Z

Year codes
2006 - 06
2007 - 07
2008 - 08
2009 - 09
2010 - 10
2011 - 11

Continuous futures symbols: us@basesumbol.1
Example: @:ES.1 - SP Emini continuous contract

Session specific symbols
Futures contracts can trade on up to three different sessions. For example there is a day, night and overnight trading session and then the composite of all three. When searching by name in the symbol database for futures symbols you will see futures with multiple listings, see examples below for cattle feeder.

Cattle Feeder Pit CME - us@FC - Day session
Cattle Feeder Globex - us@LG - Night Session
Cattle Feeder Composite - us@LCC - Both sessions

Mutual Funds (QuoteCenter)
All mutual fund symbols will contain five letters. EOD data only.

Stocks
All stocks begin with their country code followed by a (, see examples below.
US Stocks - us; (us;IBM)
Cairo Stock Exchange - eg; (eg;AACO)
Canadian Stocks - ca; (ca;CEE)

FOREX (QuoteCenter)
All forex symbols are upper case, see examples below.
$$EURJPY - EURO\YEN
$$GBPUSD - Pound\Dollar
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MetaStock Power User Tip
Working with Favorites Chart Setup in MetaStock

Contributed by Breakaway Training Solutions
In this second video on using the Favorites folder in MetaStock, you'll learn how to control how the charts will appear, how to control the appearance of your charts when scrolling, manage the folder lists and more. Have a look!

http://www.learnmetastock.com/FreeSt...hartSetup.html

For more MetaStock training, make sure to visit us at www.learnmetastock.com or email us at admin@learnmetastock.com.

About Kevin Nelson

Kevin Nelson is the founder of Breakaway Training Solutions, Inc. He has spent the last 17 years becoming an expert on MetaStock software and a serious student of technical while working for MetaStock. Prior to joining MetaStock in 1993, Kevin was a stockbroker for a well-known NYSE firm. In his role as Sales Manager at MetaStock, Kevin interacted extensively with MetaStock customers via phone, webinars, and public appearances. His experiences while working at MetaStock have enabled him to gain a keen understanding of the needs of technical analysts worldwide. While with MetaStock, Mr. Nelson was a featured presenter for four years. During this time, he traveled the U.S. introducing the MetaStock program to thousands of people and teaching them how to use its many features. His easy-to-understand approach is considered by many to be the best in the industry.

[tradingpro8x]

Đây là series những bài nghiên cứu chuyên sâu về phần mềm phân tích kỹ thuật PTKT MetaStock

January - February 2012 MetaStock Monitor

Mysteries of Trader Tax Status

Contributed by Jim Crimmins

Just because you call yourself a securities trader doesn’t make you one in the eyes of the Internal Revenue Service.

In fact, Uncle Sam is predisposed to consider you merely a hyperactive investor—and thus deny you a more favorable tax status—unless you meet a number of criteria that are frustratingly open to interpretation.

You read that right: the tax code contains no actual definition of trader tax status.

Instead, the IRS has issued guidelines the tax courts have expanded upon with case law, most of which denied tax appeals by traders.

What we’re left with is a blurred image, like a photograph of a trader taken from a speeding car.

According to the IRS, to qualify as a trader:

• You must seek to profit from daily market movements in the prices of securities and not from dividends, interest or capital appreciation;
• Your activity must be substantial, and
• You must carry on the activity with continuity and regularity.

To help determine if you meet these three tests, the IRS considers these qualifiers:

• Typical holding periods for securities bought and sold;
• Frequency and dollar amount of trades during the year;
• Extent to which you pursue trading to produce income for a livelihood, and
• Amount of time you devote to the activity.

Swoosh, right? What is “substantial” activity? “Continuity and regularity?” And what’s an acceptable holding period? Is a week too long? A month?

We know who investors are: They’re our hardworking neighbors who buy securities and hold them for such long-term goals as a college fund or retirement.

Traders, on the other hand, buy and sell securities solely to take advantage of short-term market changes. Your profits come from price swings, not dividends and interests. Since your holding period is brief, often a day at most—hence the term “day trader”—there’s no need to perform due diligence on the companies you trade.

Who cares how the IRS classifies you? You do!

Investors are subject to the 2% threshold for deductible investment expenses — and hence cannot write off most of their expenses—and are limited to a $3,000 capital loss deduction.

But as a trader, you write off 100% of your expenses, and if you elect the mark-to-market accounting option, you can offset all of your losses against your earned income.

Three Steps to Claim and Protect Your Trader Tax Status

Step 1: Prove beyond doubt you are a bona fide trader — that is, you “seek to profit from daily market movements.”

The best way to accomplish this is by showing a pattern of high trading volume and short holding periods. Keep your personal investments well separated from your trading business. The IRS is looking for “earnest intent;” that is, you work diligently to manage transactions, conduct strategy sessions and make frequent trades.

Step 2: Clear the “substantial activity” hurdle.

The hallmarks the feds are looking for here are “frequent, regular and continuous” trading. That means volume. One court case ruled that 330 trades a year was sufficient to warrant trader status. The feds need to know that you approach this as a business, not a hobby. Fail to convince them of that and you’re back in investor-land.

Step 3: Trade with “continuity and regularity.”

If you want trader tax treatment, it only stands to reason that you must actually be in — and remain in — the business of trading.

Here’s where the IRS is looking for a healthy flow of trades, significant dollar amounts, short holding periods — all the signs that you are at least attempting to make a living as a trader.

If you take the summer off or show other gaps in your trading, the IRS will be disinclined to grant you trader status. If you’re a newbie and flame out after nine months, while it seems unfair, the IRS has made it clear: no trader status for you.

Once you obtain trader tax status, you’re not entirely in the clear. Owing to the capricious nature of appellate rulings and the ever - evolving tax code, there are no guarantees the trader status you enjoy today might not be gone tomorrow.

One good way to secure your trader status is to trade under the umbrella of a business. That’s not only where the most lucrative tax advantages reside, but a legal entity such as a general partnership, Limited Liability Company or C corporation sends a strong message to the IRS that yours is an earnest and legitimate business enterprise worthy of trader tax status.

My recommendation is for you to maintain a day timer devoted completely to tracking the amount of time you spend each day on your trading activities. If you are audited by the IRS chances are it will be two or three years after you have filed your taxes. The day timer will service as proof of how many hours you spend each week on your trading activities.

About Jim Crimmins

Jim has become a nationally known speaker on tax strategies, entity structuring, and lifestyle change. He delivers over 30 talks a year throughout America as well as speaking in several chat rooms each month. You can learn more at TradersAccounting.com.

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Support Tip
Why are my candles colored incorrectly?

Contributed by MetaStock Support

The up and down color options in the price properties windows is not based on the same open/close relationship that governs candlesticks. Candlesticks are solid (black) if the open is more than the close and hollow (white) if the open is less than the close. The price bars are colored by the properties window as up if the current close is more than the prior close and down if the current close is less than the prior close. If you want to have candles colored differently, you will need to use an expert with different highlights setup for white and black candles.

You can do this with an Expert Advisor as follows:

1) Start MetaStock.

2) Display a candlestick chart.

3) Click "Tools" and then "Expert Advisor".



4)Click New.



5) Click the Name Tab. Type "Candlestick Color Change" into the Name Field.



6) Click the Highlights Tab. Click New.



7) Type "UP CANDLE" into the name field. Set the color to green. Type "C>O" into the condition field and click OK.



8) Click New again. Type "DOWN CANDLE" into the name field. Set the color to red. Type "C<O" into the condition field and click OK.



9) Click OK and close the Expert Editor menu.



10) Now, you can attach this expert advisor to any Candlestick Chart in MetaStock. Simply right click anywhere on the chart and select Expert Advisor, then Attach.



11) Select the Candlestick Color Change Expert and click OK.



12) Your candlestick chart should display candlesticks in red and green.



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MetaStock Power User Tip
Working with the Commentary in the Expert Advisor

Contributed by Breakaway Training Solutions
Using the Commentary in the Expert Advisor can be a great educational tool. To help you get the most out of it, watch this short 3 minute video for a couple of helpful tips.

http://www.learnmetastock.com/FreeSt...rkingWith.html

For more MetaStock training, make sure to visit us at www.learnmetastock.com or email us at admin@learnmetastock.com.

About Kevin Nelson

Kevin Nelson is the founder of Breakaway Training Solutions, Inc. He has spent the last 17 years becoming an expert on MetaStock software and a serious student of technical while working for MetaStock. Prior to joining MetaStock in 1993, Kevin was a stockbroker for a well-known NYSE firm. In his role as Sales Manager at MetaStock, Kevin interacted extensively with MetaStock customers via phone, webinars, and public appearances. His experiences while working at MetaStock have enabled him to gain a keen understanding of the needs of technical analysts worldwide. While with MetaStock, Mr. Nelson was a featured presenter for four years. During this time, he traveled the U.S. introducing the MetaStock program to thousands of people and teaching them how to use its many features. His easy-to-understand approach is considered by many to be the best in the industry.

[tradingpro8x]

Đây là series những bài nghiên cứu chuyên sâu về phần mềm phân tích kỹ thuật PTKT MetaStock

March - April 2012 MetaStock Monitor

Creating and Compounding Wealth via Trend Following

Contributed by Andrew Abraham

I started trading (in particular trend following) in 1994. I was overwhelmed with all the books and courses offering so called “magical success” and millionaire traders who really weren’t. I wanted to know who was succeeding and what they were doing. My broker told me the most successful client of his company was a dentist. He was not a Harvard graduate nor a partner in Morgan Stanley. Yes, he was a dentist! I was told he invested $200,000 in a robust trend following concept in 1979. He let that money compound over time. He currently has an account of $5,000,000 plus he has made over $12,000,000 from trading the markets over the years.

The dentist was the exception. Most clients of the brokerage did not make money. Most clients actually lost money. The difference between the majority of the clients that lost money and the dentist was he had a trading plan with risk management and he followed it with patience and discipline. Even with his plan he always had numerous loses, went through drawdowns and even long periods of time when he did not make money. However, he did not give up or start to look for a new methodology.

He did not have any magical holy grail formula. He is a trend follower who had a simple robust methodology and, more importantly, knew how to properly condition his thought processes to get through all the tough drawdowns and long periods when he was not making money. What encouraged me over the years was if the dentist can do this, so can I. Another example to me was Richard Donchian who traded his trend following breakout strategy into his 90’s. If the dentist can do this and Richard Donchian can do this, so can you!

There is nothing perfect in this world. There are no perfect systems or even traders. Every system and methodology has drawdowns and losses. Traders need to accept losses as a natural process of trading. Those that cannot accept losses jump from one system or one indicator to the next seeking the elusive holy grail. Traders need to realize success in trading is a process and takes time. They need to have patience with themselves and apply themselves to a methodology fitting their personality. Doctors do not become proficient overnight. Neither do lawyers.

I want to share with you one of the methodologies I have traded over the last 18 years. Trend following can be simple, but don’t make the mistake of thinking it is easy! We seem to convolute it via our fear and greed. There are countless websites and late night infomercials trying to tell you differently. They make you think you just have to read a few pages or attend an online class, and then, magically you’ll become a successful trader.

Don’t be misled!

Trend following is not retirement in a box! You need to do your work!

One of my methodologies is very simple and robust. It works on all platforms, time frames and markets. It is one of two general approaches in order to attempt to catch and ride trends I utilize. They both attempt to put on low risk trades in the direction of a trend and have various similarities.

Trend Break Out and Trend Retracement

For the sake of this article I am going to focus on one issue: Trend Retracement. The concept of trend retracement is that we are already witnessing a trend and we are looking for a low risk method in order to participate and enter in the direction of the trend. I believe in keeping things very simple as when we are trading we know what we must do and we have a well thought out plan in advance. Do not confuse the word simple with unsophisticated or not possible to generate money. This methodology is used by many successful traders.

This Trend Retracement is a four bar setup:

1. Identify a strong trend either by a high RSI or an ADX which is above 30.
2. We want to see a retracement against that trend where we have 3 lower lows.
3. On Bar 4 we will simply buy a breakout of the Bar 3 high.
4. If we do not have a breakout buy on Bar 3 – Buy the breakout of Bar 4 as demonstrated below.



As you can see in this hypothetical example one would have bought the breakout of Bar 4.

There is more to just the Trend Retracement Entry. One needs to think of how many shares to put on. What I suggest is looking at the range from the high to the low of the 4th bar to determine how many shares we can put on. The high of the 4th bar was $610.01 and the low was $607.68. The difference is $2.33. What one needs to do is look at their account size and how much of that account size are they willing to risk on anyone trade. For example if I was trading a $30,000 account and wanted to risk 1% on any trade I could risk and potentially lose $300 on a trade. If I wanted to risk 2% on a trade I could risk and potentially lose $600. The more risk per trade the more potential profit as well as the more potential loss. Let’s examine what would have transpired in this hypothetical example with Google running to its high of $619.77. (Clearly we would not have gotten out at the top, but we can use it as a reference to just highlight the difference in position sizing and position percentage risk).

Entry $610.01 to $619.77; difference is $9.76.

1. Risking 1% of $30,000 was $300 risk allowed us to purchase 128 shares X $9.76 = $1249.28.
2. Risking 2% of $30,000 was $600 risk allowed us to purchase 257 shares x $9.76 = $2508.32.

As you can clearly see there is more entailed than just using a specific setup. One needs to think about risk per trade.

Please also realize any trade is 50/50. After this nice trade there could have been another trade as there were 4 down bars with a breakout that did not work as this trade did.

There are only four potential out comes when we trade.

1. Big losses - however we had an immediate stop placed to prevent.
2. Small losses - these will happen all the time.
3. Small profits - these also will happen all the time and cancel out the small losses.
4. Big profits - These are rare and make up for all the small losses are small profits do not offset.

Too many times system sellers & promoters just give you a setup. It is paramount to know where to exit either with a loss or a profit. Too much emphasis is placed on setups, patterns, and entries. In order for trading success one needs a complete trading plan that states when to enter, how much to buy/sell, when to exit with a profit and loss. On a slightly more deep level one also needs to know what to trade which I detail in my courses.

I like to keep my exit rules simple. An easy exit rule in where you lock in profits when trades work and exit you when trades do not work is a trailing 3 bar low as an exit when you buy and a 3 bar high when you go short.



Trend followers do not worry what the markets are going to do tomorrow. They have an exact plan with all contingencies thought out ahead of time. Trend followers are like surfers and look to ride the waves.

Trend followers have an exact plan. This plan is based on objective and automated set of rules.

Trend followers follow their plan without second guessing it. A trading plan makes life easier by eliminating emotions from trading decisions. A trading plan forces discipline. If you do not follow the trading plan you will not succeed. Do not even start if you cannot follow the plan. The above examples are not complicated yet they are an effective way of taking money out of the markets.

Trend following entails having a defined plan and strategy to put money into trade to achieve one and only goal: PROFIT!

About Andrew Abraham

Andrew Abraham has been investing in commodities and managed futures since 1994. He adheres to the philosophy of trend following. Trend following stresses a disciplined approach to commodity/futures trading. Successful trend following and commodity futures investing requires patience, discipline and actively managing the risk. What sets Andrew's strategy apart from other traders is that he is not only concerned about the return on investment but also with how much risk should be tolerated to achieve goals. For more information, contact Andrew via his website (TrendfollowingMentor.com), email, or Skype: Abraham Investment Management.

***Past performance is not necessarily indicative of future performance. The risk of loss in trading futures contracts, commodity options or forex can be substantial, and therefore investors should understand the risks involved in taking leveraged positions and must assume responsibility for the risks associated with such investments and for their results. You should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.

HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM. ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT.

IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS. ALL TRADING DECISIONS ARE SOLELY YOUR RESPONSIBILITY.

THE MATERIAL IS INTENDED FOR EDUCATIONAL PURPOSES ONLY.


Support Tip
How do I add new Data on Demand symbol to MetaStock?

Contributed by MetaStock Support

Are you trading a security, stock, commodity, etc. that is not included with the thousands of symbols that come with MetaStock's data feed? This happens from time to time but it is very easy to add the symbol to your MetaStock data feed. For Data on Demand symbols, remember to enter ALL symbols in upper case. Here's how:

1) Start MetaStock.

2) Click "File", then "Open".



3)Click "Tools", then "New Symbol".



4) Type the name of the symbol into the name field. Type the desired symbol into the symbol field. Select the proper exchange; if you are not sure this option can be left blank. For this example, we will add the USD - Gold Spot Price. You can add the type field and the start and end times of when the security trades, but it is not necessary. If you do, make sure the hours listed are in your time zone. The Type field tells you what folder structure in the symbol database the security will be added. We recommend leaving this as "Other". Once you have filled out all of the applicable fields, click "OK" to continue.



5) After clicking "OK", you can search for the symbol you created.



6) Here is a screenshot of the security we just added to our data base.



Helpful Hint: If you are adding a futures symbol that includes the specific month and year code for a specific contract make sure to select the TYPE as "OTHER".
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MetaStock Power User Tip
Want to find stocks that are moving?

Contributed by Breakaway Training Solutions
In this short four minute video, you’ll learn how to use a scan that you already have to quickly find those stocks on the move. Take a look!

http://www.learnmetastock.com/FreeSt...manceScan.html

For more MetaStock training, make sure to visit us at www.learnmetastock.com or email us at admin@learnmetastock.com.

About Kevin Nelson

Kevin Nelson is the founder of Breakaway Training Solutions, Inc. He has spent the last 17 years becoming an expert on MetaStock software and a serious student of technical while working for MetaStock. Prior to joining MetaStock in 1993, Kevin was a stockbroker for a well-known NYSE firm. In his role as Sales Manager at MetaStock, Kevin interacted extensively with MetaStock customers via phone, webinars, and public appearances. His experiences while working at MetaStock have enabled him to gain a keen understanding of the needs of technical analysts worldwide. While with MetaStock, Mr. Nelson was a featured presenter for four years. During this time, he traveled the U.S. introducing the MetaStock program to thousands of people and teaching them how to use its many features. His easy-to-understand approach is considered by many to be the best in the industry.

[tradingpro8x]

Đây là series những bài nghiên cứu chuyên sâu về phần mềm phân tích kỹ thuật PTKT MetaStock

2012 May-June MetaStock Monitor

Mysteries of Trader Tax Status

Contributed by Jim Crimmins

Just because you call yourself a securities trader doesn't make you one in the eyes of the Internal Revenue Service.

In fact, Uncle Sam is predisposed to consider you merely a hyperactive investor - and thus deny you more favorable tax status - unless you meet a number of criteria that are frustratingly open to interpretation.

You read that right: the tax code contains no actual definition of trader tax status.

Instead, the IRS has issued guidelines that the tax courts have expanded upon with case law, most of which denied tax appeals by traders.

What we're left with is a blurred image, like a photograph of a trader taken from a speeding car.

According to the IRS, to qualify as a trader:

You must seek to profit from daily market movements in the prices of securities and not from dividends, interest, or capital appreciation;
Your activity must be substantial, and
You must carry on the activity with continuity and regularity.
To help determine if you meet these three tests, the IRS considers these qualifiers:

Typical holding periods for securities bought and sold;
Frequency and dollar amount of trades during the year;
Extent to which you pursue trading to produce income for a livelihood, and
Amount of time you devote to the activity.
Swoosh, right? What is "substantial" activity? "Continuity and regularity?" And what's an acceptable holding period? Is a week too long? A month?

We know who investors are: They're our hardworking neighbors who buy securities and hold them for such long-term goals as a college fund or retirement.

Traders, on the other hand, buy and sell securities solely to take advantage of short-term market changes. Your profits come from price swings, not dividends and interests. Since your holding period is brief, often a day at most - hence the term "day trader" - there's no need to perform due diligence on the companies you trade.

Who cares how the IRS classifies you? You do!

Investors are subject to the 2% threshold for deductible investment expenses - and hence cannot write off most of their expenses - and are limited to a $3,000 capital loss deduction.

But as a trader, you write off 100% of your expenses, and if you elect the mark-to-market accounting option, you can offset all of your losses against your earned income.

Three Steps to Claim and Protect Your Trader Tax Status

Step 1: Prove beyond doubt that you are a bona fide trader - that is, you "seek to profit from daily market movements."

The best way to accomplish this is by showing a pattern of high trading volume and short holding periods. Keep your personal investments well separated from your trading business. The IRS is looking for "earnest intent;" that is, you work diligently to manage transactions, conduct strategy sessions and make frequent trades.

Step 2: Clear the "substantial activity" hurdle.

The hallmarks the feds are looking for here are "frequent, regular, and continuous" trading. That means volume. One court case ruled that 330 trades a year was sufficient to warrant trader status. The feds need to know that you approach this as a business, not a hobby. Fail to convince them of that and you're back in investor-land.

Step 3: Trade with "continuity and regularity."

If you want trader tax treatment, it only stands to reason that you must actually be in - and remain in - the business of trading.

Here's where the IRS is looking for a healthy flow of trades, significant dollar amounts, short holding periods - all the signs that you are at least attempting to make a living as a trader.

If you take the summer off or show other gaps in your trading, the IRS will be disinclined to grant you trader status. If you're a newbie and flame out after nine months, while it seems unfair, the IRS has made it clear: no trader status for you.

Once you obtain trader tax status, you're not entirely in the clear. Owing to the capricious nature of appellate rulings and the ever-evolving tax code, there are no guarantees that the trader status you enjoy today might not be gone tomorrow.

One good way to secure your trader status is to trade under the umbrella of a business. That's not only where the most lucrative tax advantages reside, but a legal entity such as a general partnership, Limited Liability Company or C corporation sends a strong message to the IRS that yours is an earnest and legitimate business enterprise worthy of trader tax status.

My recommendation is for you to maintain a day timer devoted completely to tracking the amount of time you spend each day on your trading activities. If you are audited by the IRS chances are it will be two or three years after you have filed your taxes. The day timer will service as proof of how many hours you spend each week on your trading activities.

About Jim Crimmins

Jim has become a nationally known speaker on tax strategies, entity structuring, and lifestyle change. He delivers over 30 talks a year throughout America as well as speaking in several chat rooms each month. You can learn more at TradersAccounting.com.
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Support Tip
How do I scan Fundamentals and charts at the same time?

Contributed by MetaStock Support

Many traders use technical systems to help determine when to execute trades. You can ensure your technical indicators will give you the full picture with a little bit of fundamental . For example, your trading indicators tell you a good trading opportunity is about to take place. Then when you place your trade, the market moves in the opposite direction because you traded right before a big news announcement. Your technical will not tell you this information. By combining both of these types of together, you can get a more complete picture of the market. Here's how to view both technical and fundamental information in MetaStock:

1) Start MetaStock.

2) Click "File", then "Open".


3)Select and open desired security. In this example, we'll use Thomson Reuters.


4) Once the chart is open, right click on the background of the chart. From the menu, select "Research". From the following menu, select "Financial Highlights".


5) After the page has opened from the MetaStock Window menu select "Column". Both the chart and financials should be displayed side by side.


6) Click the "Next Security" button and the chart will change to the next security in that solder, AND change the Financials page to match. You can also use other options on the Financials page to check other fundamental information, such as Snapshot. Continuing to use the Next Security function will rotate through all the securities in that specific folder.


You can also use the procedure above in conjunction with reviewing the results of an exploration:
1) Choose your exploration.


2) Select the securities for your exporation.


3) After you have run your exploration, select all the securities you wish to review from the results by highlighting them. Right click on the highlighted area. From the menu, choose "Copy Securities".


4) In the destination folder box enter the name of the folder you would like the securities copied to. (Name the folder with a reference to the exploration used and the date explored. For this example, we will use: MayJuneMonitor).


5) You may get a message saying "Folder does not exist! Create the folder?". Click "yes". This copies the data files for the selected securities to the new folder. Exit the Explorer.

6) Go to File, Open, and look in your MetaStock data folder. The newly created folder of securities should be there. The one we just created is highlighted in green.

7) Then repeat the steps in the scanning procedure listed to attach fundamental information, starting with number 3.
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MetaStock Power User Tip
Interpreting and Using the Performance Indicator

Contributed by Breakaway Training Solutions
In this short video, Kevin will show you how to interpret and use the Performance indicator. You’ll also learn how to quickly compare the performance of different securities against each other.

http://www.learnmetastock.com/FreeSt...Indicator.html

For more MetaStock training, make sure to visit us at www.learnmetastock.com or email us at admin@learnmetastock.com.

About Kevin Nelson

Kevin Nelson is the founder of Breakaway Training Solutions, Inc. He has spent the last 17 years becoming an expert on MetaStock software and a serious student of technical while working for MetaStock. Prior to joining MetaStock in 1993, Kevin was a stockbroker for a well-known NYSE firm. In his role as Sales Manager at MetaStock, Kevin interacted extensively with MetaStock customers via phone, webinars, and public appearances. His experiences while working at MetaStock have enabled him to gain a keen understanding of the needs of technical analysts worldwide. While with MetaStock, Mr. Nelson was a featured presenter for four years. During this time, he traveled the U.S. introducing the MetaStock program to thousands of people and teaching them how to use its many features. His easy-to-understand approach is considered by many to be the best in the industry.

[tigeran]

Mình nghĩ cứ nên giữ những bài phân tích kỹ thuật PTKT MetaStock này dưới dạng tiếng Anh chứ không nên dịch ra vì sẽ làm mất ý nghĩa của chúng

[tradingpro8x]

Tài liệu cứ phải để English mới hay, đặc biệt là tài liệu phân tích kỹ thuật

[tigeran]

Đây là series những bài nghiên cứu chuyên sâu về phần mềm phân tích kỹ thuật PTKT MetaStock

Non-Farm Disappoints, But Gold Still Ends The Week On A Low. So What’s Next For Gold?

Contributed by Nik Kalsi and Phil Carr

Gold fell 1.6% in less than two hours on Thursday, as monetary policy easing in Europe and China was shortly followed by a better-than-expected US jobs report on Friday. US June non-farm payrolls rose by 80,000 while the jobless rate unchanged at 8.2 per cent, official figures showed.

US employers hired at a dismal pace in June, raising pressure on the Federal Reserve to do more to boost the economy and further imperilling President Barack Obama's chances of re-election in November.

By Friday lunchtime in London, Gold in Dollars was down around $5 per ounce on the week, while the Gold Price in Euros was still showing a 1.9% weekly gain following the weakening of the Euro. Meanwhile Silver fell to $27.10 per ounce – a few cents below where it started the week.

The Gold & Silver Clubs technical ******** on MetaStock’s QuoteCenter shows Gold has been in a three month consolidation range of $1525 to $1640. Despite its flat performance in recent months, we believe it’s likely to rebound before the end of the year and here are three good reasons why...

Quantitative Easing

Last Thursday The Bank of England (BoE) confirmed it was to restart its asset purchase programme with a further £50 billion of quantitative easing (QE). To put that into perspective, that will take the total size of the UK programme to £375 billion. We believe the Federal Reserve will be next to boost the US economy and of course that will result in renewed buying interest in the shiny metal.

Central banks still buying gold

Central banks, the largest holders of gold, may expand reserves for the third year running, according to the World Gold Council.

As gold prices head for a 12th consecutive annual gain, the council forecasts that central banks may buy more this year than the purchases of 456 tons in 2011 as countries diversify their reserves. We believe this makes absolute sense. The last thing that central banks want to hold is dollars. The most obvious thing for them to diversify into is dollar-denominated real assets and the easiest of these is gold.

Indian gold demand: A repeat of 2009?

Another reason why gold is in a consolidation period is due to news that the Indian economy, the biggest global consumer and importer of the commodity, is suffering, with the country registering its slowest quarterly growth of 5.3% in nine years in the first quarter this year.

In early 2009, when the Indian economy faltered and the rupee crumbled, demand all but disappeared. In the first quarter of that year, demand was just 24.2 tonnes, down 77% year-on-year, according to GFMS data. For the full year Indian gold consumption fell 19%.

Since March, gold sales to India have dropped between 50% and 60% year-on-year, with analysts forecasting Indian demand to fall between 20% and 30% over the full year.

However, traders should be aware that a downturn in Indian consumption is a purely cyclical phenomenon. In 2010, for example, when the Indian economy made a comeback, gold consumption soared 74% to a record high of 1,006 tonnes, according to GFMS estimates. And a similar rebound, later this year or in 2013, could be back on the cards.

Whilst we are still bullish on gold in the long-term, what’s our short-term outlook?

In the short-term The Gold & Silver Club is focused on potential sell short opportunities with both Gold and Silver. If we break the important support levels – $26 on Silver and $1525 on Gold, the momentum is likely to continue downward in the short-term.

If Silver breaks $26.00, we expect a big sell off with the price rapidly dropping to $25.00, $24.00, $23.00 or lower fast. In which case traders should be prepared with two things: ***, the right trading strategy to profit from the downside momentum and two: a precise market data tool such as MetaStock’s QuoteCenter to give you the right information at the right time to make the right trading decision.

On the flipside, if the market continues to bounce and rally off the $26.00 support level this potentially could be a very profitable trade to the upside. This key level has not been breached in the last 12 months so is the pivotal level to watch.

Looking at gold – if we continue to bounce off and rally from the $1525 to $1535 support level then expect a great trade toward the upside. Again this key level has not been breached in the last 12 months so is the pivotal level to watch. On the reverse side, if gold breaks through $1525 prepare yourself for a major sell off with the potential of gold price hitting lows of $1500, $1485, $1450 or lower fast.

On both occasions be aware – The more times we test a support level, the likely it is to break. To sum things up, the outlook for gold and silver remains bullish for the medium and long term but is rather bearish for the short term. If you would like to receive free weekly Gold & Silver trading updates then sign up to The Gold & Silver Clubs newsletter at www.thegoldandsilverclub.com.



About Nik Kalsi and Phil Carr

Nik Kalsi and Phil Carr are recognised as leading authorities on gold and silver trading. They are the founders of thegoldandsilverclub.com and professional commodity traders.

Nik Kalsi

Nik has extensive knowledge of the financial markets and investment strategy. Prior to founding The Gold & Silver Club, he spent 5 years coaching professional fund managers and traders internationally for some of the world’s top tier hedge funds and investment banks. Through his journey across the world’s leading trade floors, Nik formed first hand relationships with successful traders – discovering the strategies, mindset and tools giving professional traders the definitive edge in any economy. Nik has written many articles on monetary economics. He is also a regular columnist for a number of financial publications and appears frequently on television.

Phil Carr

Phil is the co-founder and director of The Gold & Silver Club. He specialises in teaching people how to make money from trading *** of the biggest financial markets in the world: Gold, Silver & Oil and has trained hundreds of individuals to become independent traders and successfully manage their own investment portfolio.

He has personally developed The Gold & Silver Club’s trademark investment strategies that have a proven track record of generating returns for traders.

Phil speaks at numerous trading seminars and workshops across the world sharing his expert knowledge with investors who have a passion and interest in trading Gold, Silver & Oil.


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Support Tip

How do I create an expert adviser for an optimized system test?

Contributed by MetaStock Support

Some of the System Tests look for optimized values based off of the data set and security you are testing. Optimization values can change with each new data point coming into the chart, so the optimization values can constantly change. Since optimization values are ever changing, it would be impossible to create an Exploration\Expert including all the different optimization values. This is why there are not matching Explorations and Experts for each System Test.

http://forum.metastock.com/Discussio...tor#post152766

[bietshop]

hay nhưng mà gà tiếng anh thì khổ thật, hối hận những ngày tháng ăn chơi

[tigeran]

Biết thế. Đành phải Google tranlate thui bác

[tigeran]

Đây là loạt bài nghiên cứu chuyên sâu về phần mềm phân tích kỹ thuật PTKT MetaStock

http://forum.metastock.com/Discussio...aStock-Monitor

[kabeo]

Ai nghiên cứu về Amibroker thì có thể ghé thăm trang này: amibroker*com/kb/

khá nhiều chỉ dẫn hữu ích cho việc gia tăng hiệu quả sử dụng phần mềm phân tích kỹ thuật xuất sắc này.

[tigeran]

AmiBroker thì có cái hay là Template tốt nhưng lại không cho tùy biến và flexible như MetaStock nên dân phân tích kỹ thuật chuyên nghiệp có vẻ họ xài kết hợp hai thứ

[tigeran]

Ami có cái dở nữa là xem và phân tích kỹ thuật nhiều mã cùng lúc hơi bất tiện. Tuy nhiên, mình thì mình xài song song cả hai vì mỗi cái có những lợi thế riêng

[traderviet]

Mình chưa cùng amir nhiều và hiện đang dung metastock thầy cũng ok, có thể thực hiện các pt cao cấp như correlation,

[traderviet]

giờ nổi lên phần mềm mới là trade Navigator nhưng y/c cấu hình nặng

[JokerZ]

AmiBroker thì có cái hay là Template tốt nhưng lại không cho tùy biến và flexible như MetaStock nên dân phân tích kỹ thuật chuyên nghiệp có vẻ họ xài kết hợp hai thứ

Kiểu như hai tay hai súng ấy. Vì chả có phần mềm nào mạnh tuyệt đối cả

[tigeran]

Kiểu như hai tay hai súng ấy. Vì chả có phần mềm nào mạnh tuyệt đối cả

Sai rùi ông ơi. MetaStock thì đơn giản và mạnh về các hệ thống dựng sẵn (EA), còn AmiBroker thì mạnh về coding và tùy biến