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Hi Jack,
After reading your very valid points, I wanted to apologize to you and others if my Metastock comments come off as smug, superior, or condescending in anyway.
Forgive me, I am distracted today.
This is my final day of employment as an eSignal employee.
Two weeks ago I tendered my resignation. I am returning to full-time analysis and trading because I find it easier than the pressures of being a "Super Moderator."
Again, you are absolutely correct in your backtesting comments. For what it is worth, eSignal is aware of the need for better back testing; they may have some quality back testing features in development. I hope I don't get in trouble for disclosing this. If so, what can they do, fire me?
After reading your very valid points, I wanted to apologize to you and others if my Metastock comments come off as smug, superior, or condescending in anyway.
Forgive me, I am distracted today.
This is my final day of employment as an eSignal employee.
Two weeks ago I tendered my resignation. I am returning to full-time analysis and trading because I find it easier than the pressures of being a "Super Moderator."
Again, you are absolutely correct in your backtesting comments. For what it is worth, eSignal is aware of the need for better back testing; they may have some quality back testing features in development. I hope I don't get in trouble for disclosing this. If so, what can they do, fire me?
Originally posted by JackR
Marc:
There are few people as lucky in their jobs as you are. You get to be a "Super Moderator", get paid to do that, and get to trade while on the job using software supplied by your employer, and have no pressure to produce successful trades for the firm.
I've only been an AGET EOD user since Nov 03. One thing that is missing is the ability to test a system. Say I want to try using 5% trailing stops, 10% trailing stops, or stops x % under a pivot such as the ones you show for Novell in this thread. Metastock or any of the other fancy packages gives you the capability to set up such a test and determine the best technique for a specific stock. Then you can test it against a series of stocks, and it does it automatically while I sleep. With AGET EOD I must keep changing parameters and running each stock independently. AGET is very nice for helping determine when to buy and can scan a bunch of stocks and select a subset for your further study. You can also set up a scan of owned stocks to watch for specific AGET sells, but once again backtesting a selling approach is tedious in the extreme.
If the eSignal on-line package lets you do what Metastock and its ilk do, it would be nice to see that capability ported into the EOD package.
Keep "Super Moderating", "Superb Moderator" is next on the ladder of success.
Marc:
There are few people as lucky in their jobs as you are. You get to be a "Super Moderator", get paid to do that, and get to trade while on the job using software supplied by your employer, and have no pressure to produce successful trades for the firm.
I've only been an AGET EOD user since Nov 03. One thing that is missing is the ability to test a system. Say I want to try using 5% trailing stops, 10% trailing stops, or stops x % under a pivot such as the ones you show for Novell in this thread. Metastock or any of the other fancy packages gives you the capability to set up such a test and determine the best technique for a specific stock. Then you can test it against a series of stocks, and it does it automatically while I sleep. With AGET EOD I must keep changing parameters and running each stock independently. AGET is very nice for helping determine when to buy and can scan a bunch of stocks and select a subset for your further study. You can also set up a scan of owned stocks to watch for specific AGET sells, but once again backtesting a selling approach is tedious in the extreme.
If the eSignal on-line package lets you do what Metastock and its ilk do, it would be nice to see that capability ported into the EOD package.
Keep "Super Moderating", "Superb Moderator" is next on the ladder of success.
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