Rank: Newbie
Groups: Registered, Registered Users Joined: 12/27/2006(UTC) Posts: 1
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hi all,
Does RMO working with metastock v9.1?
I have a metastock v9.1 and i wanna know that if RMO work with m9.1,
then i buy the RMO ADD-ON.
Plz help an guide me
regards
alalavin
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 5/10/2006(UTC) Posts: 252
Thanks: 11 times Was thanked: 9 time(s) in 6 post(s)
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Currently, there is no RMO plugin available; it's available only bundled with version 10.
I have 9.1 and no plans to upgrade at this point; v10 doesn't add anything I'm interested in, including RMO.
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers Joined: 1/27/2007(UTC) Posts: 3
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alalavin, RMO should work with the older versions of metastock just like anyother indicator/expert/explorer because they were writen in the same language.
BTW, it's my first post. Hello everyone. Oxymoron
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 12/8/2004(UTC) Posts: 38
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Oxymoron wrote:alalavin, RMO should work with the older versions of metastock just like anyother indicator/expert/explorer because they were writen in the same language.
BTW, it's my first post. Hello everyone. Oxymoron
That would be neat trick, however the code is password protected and mum's the word on just what is included in the RMO black box. So, how do you propose porting the code to version 9.1?
BTW, Jim really does want to upgrade. He is only fooling himself. [:D]
Seriously Jim, I have taken great advantage of the newly expanded columns that are available in the Explorer under V10. I could never go back to version 9 or lower at this point. Never mind that there is a bug in the Explorer code that causes the system to crash. You can't have everything I guess.
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers Joined: 1/27/2007(UTC) Posts: 3
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Hello NetWorthless, Facts to be considered: 1) Rahul Mohinder is the son of ViratechIndia's owner. 2) Viratech India distributes metastock as well as Advanced GET. 3) Rahul Mohinder is well versed in the nuances of both AdGET and metastock. 4) Mr.Jose Silva(www.metastocktools.com), one of the veterens in metastock, has expressed his view stating that RMO indicator is most likely to be a tweaked rainbow oscillator (or have I mistaken?). 5) A combination of GET's premium indicators (with which Rahul Mohinder is well versed) presumably were assembled into this blackbox called RMO
I have not used AdGET and hence have no idea about it. Perhaps some AdGET users can solve this puzzle?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 8/16/2005(UTC) Posts: 182
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BTW, Jim really does want to upgrade. He is only fooling himself.
NetWorthless, how do you know that? .... From what I read in this forum, Jim has consistently expressed that he won't upgrade .... or you can some "tools" read his mind..... :)
A combination of GET's premium indicators (with which Rahul Mohinder is well versed) presumably were assembled into this blackbox called RMO
Really! Unfortunately, I have never used Advanced Get, so I have no idea. Probably, someone in this forum can give some views on this.
Sa
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 12/8/2004(UTC) Posts: 38
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How do I know? A little black box told me. [;)]
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 8/16/2005(UTC) Posts: 182
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NetWorthless wrote:How do I know? A little black box told me. [;)]
NetWorthless,
I think you have missed something crucial........
Sa
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 3/7/2005(UTC) Posts: 1,346
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hey all..... just a quick note here which is about as far as i should go on this subject........ yes rauls deal will work in the 9 , 9.1, 9.2 versions.....
but the best way to obtain it would be through the v10 upgrade , otherwise would probably be a violation of our terms of agreement with equis, something that i will honor..... and equally i will show rahul deserved respect for his work.....
everyone by now should know my view on v10.... at 200 bucks, upgrade, its was a steal.... one addtional very important precautionary note.... if your planing on using v10 realtime and feel the need to use also v9 realtime, plan on a second computor for v10.....
most will use v10 only so that precautionary note should only apply to a handfull such as myself......h
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 5/10/2006(UTC) Posts: 252
Thanks: 11 times Was thanked: 9 time(s) in 6 post(s)
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NetWorthless wrote:BTW, Jim really does want to upgrade. He is only fooling himself. ;-)
Seriously Jim, I have taken great advantage of the newly expanded
columns that are available in the Explorer under V10. I could never
go back to version 9 or lower at this point. Heh, heh. Yep, self-deluded - that's me! I'm not opposed to upgrading per se, but v10 doesn't get me excited. I would never put my investments behind a black-box system like RMO (and still waiting for others to reveal more about what it really does) and the work I do with MS doesn't stress it much, so the improvements like more columns wouldn't make a difference. I would like to resize dialog/formula windows, but that's a major bug that needs fixing, not an enhancement, and it's not worth $200. For those who need them, I can see the value of having more columns to fool with (not exactly justifying a version 10 number assignment, but nonetheless useful for some users.) I'm not a mechanical-system builder, more of a discretionary position-trade type guy, so the tools and plugins I've set up in MS seem to do the job within the 9.1EOD build just fine. If I ever hit the limits of MS, and a new version fixes them, I'll upgrade. If you want a fun diversion, try using Dogpile.com or Google to search out RMO, Rahul Mohindar and Tom Joseph (author of the other "big deal" in v10: Dynamic Trend Profile) - my searches reveal nothing buy sales pitches and hype - there's nothing I've discovered that's taking anybody "by storm". I just wonder about the rationale here in Equis' developers, other than trying to rope in more recurring-revenue subscription streams.
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 12/8/2004(UTC) Posts: 38
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Oh geez, I’m sorry Jim. I must have misunderstood you. [:$] So, you’re not a champion of V10 after all.
I have to agree with you, this latest update is a poor excuse for a new version number. Regardless of what they call it, I do like the freedom of those extra columns. I’m not into mechanical systems either but do spend a good deal of time filtering for the next great setup. The columns pay for themselves after just the first profitable trade. Two hundred bucks is just in the noise as I see it. It's just that much less I have to give Uncle Sam as well.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 8/16/2005(UTC) Posts: 182
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Spaceant wrote:
NetWorthless wrote:How do I know? A little black box told me. [;)]
NetWorthless,
I think you have missed something crucial........
Sa
NetWorthless,
You really missed the crucial part. It appears that your blackbox doesn't work this time!! FYI, Jim doesn't believe in "black box" system unless..... you disclose the code and the theory behind. So, your prediction this time won't be right!
:)
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 12/8/2004(UTC) Posts: 38
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Spaceant -
In all due respect, I have not missed a thing. Forget about the code. Caveat emptor for anyone who blindly utilizes a system without knowledge of even a high level descriptive summary of the theory behind the model and the type of market conditions for which the model has been optimized.
All kidding aside, I'm with Jim on this one 100%.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 4/1/2006(UTC) Posts: 135 Location: Romania
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Here is something about RMO:
The core of this trading model is suposed to be RMO indicator wich has "taken traders like storm", right? Well if that so, i was thinking to test this RMO (a friend of mine has upgraded to v.10) and i did. The test was done in a simple way just buy when RMO crosses above 0 and sell when it crosses bellow 0, since i am only courious to see why using RMO instead a longer term MACD for example or another trend following indicator in designing a filter for trades or a complete strategy or just coloring bars to se a pretty chart or whatever u want. The primary phase of my testing with any ideea, indicator, combination of indicators and so on, is always for the purpose of getting the basic statistics of that ideea, indicator, combination and for that i test the whole market and get the % results of everything. RMO test on Nasdaq the whole market with turnover>300000 and commisions of 0.2% filter from 1992 until the present day has shown following basic statistics:
Max MFE
2647.61%
Min MFE
-0.40%
Max MAE
-0.40%
Min MAE
-76.35%
Max P/L
1487.17%
Min P/L
-73.08%
%Win
22.32%
%Loss
77.68%
Avg Win
25.39%
Avg Loss
-6.75%
Avg Win/Loss
3.76
#Trades
5838.00
#Win
1303.00
#Loss
4535.00
#Win/#Loss
0.29
0,"Positive Expectancy of","Negative Expectancy of")'>Positive Expectancy of
0.06
Comparation Number
363.76
Well it has positive expectancy, great. Now in the same way i thought to test my *PPO (*PP Oscillator) wich has a extremely complicated formula of close crossing a simple 120 days moving average. The *PPO results on the same market, period, commisions and turnover was:
Max MFE
2745.74%
Min MFE
-0.40%
Max MAE
-0.40%
Min MAE
-50.85%
Max P/L
1300.64%
Min P/L
-47.29%
%Win
16.87%
%Loss
83.13%
Avg Win
26.78%
Avg Loss
-4.87%
Avg Win/Loss
5.50
#Trades
7050.00
#Win
1189.00
#Loss
5861.00
#Win/#Loss
0.20
0,"Positive Expectancy of","Negative Expectancy of")'>Positive Expectancy of
0.10
Comparation Number
674.65
"RMO has taken traders like storm" , well i think its a little to much to say...
btw, i will not waste my time to see if using the RMO trading model (with fancy swing indicators and that pretty template) is worth something since i am pretty sure that it will not be better than anyone of my simple strategies done with current indicators in metastock v7 8 or 9.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 8/16/2005(UTC) Posts: 182
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Hi *pp,
The test was done in a simple way just buy when RMO crosses above 0 and sell when it crosses bellow 0,
Just to clarify, are you using RMO (Osc) >0 for buy and RMO (Osc) < 0 for sell?
I re-look at the training video, the buy and sell conditions are:-
Sig:=Fml("SwingTrd2")>Fml("SwingTrd3");
LE:=Fml("SwingTrd2")>0 AND Fml("RMO Osc")>0 AND Sig=1;
SE:=Fml("SwingTrd2")<0 AND Fml("RMO Osc")<0 AND Sig=0;
Should we test the above instead (if you have not), versus the buy and sell signals of another system(s)? I would be interested in knowing the result as compared to other trading system too.
If my understanding is correct, you have tested the RMO Osc versus another oscillator, as a trend detector or as a trade filter. But, should we compare the exact trading system to compare the end P&L, avg. win / loss retio, expectancy, etc?
Sa
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 4/1/2006(UTC) Posts: 135 Location: Romania
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hi spaceant,
yes i used RMO (Osc) >0 for buy and RMO (Osc) < 0 for sell. The purpose of my test was just to see what impact has the RMO filter on the trading model, or another way stated is RMO a better indicator than MACD or moving averages or any of the trend following indicators?
U could as well use my extremely complicated ;) *PPO instead of RMO and it will not be a big diference.
I did not made a test with the rules in the training video because i think its a waste of time. Maby later i will do it anyway and compare it with something simple.
Anyway surfing on the net i have found free strategies from simple traders wich had a great potential from my point of view. Look at this for example (check comparation number with that of my test on RMO), of course this is a complete strategy unlike my RMO test, and i have found it on the net for free (it is not mine):
Max MFE
4296.15%
Min MFE
-0.40%
Max MAE
-0.40%
Min MAE
-81.91%
Max P/L
2782.48%
Min P/L
-81.08%
%Win
28.28%
%Loss
71.72%
Avg Win
121.97%
Avg Loss
-9.74%
Avg Win/Loss
12.53
#Trades
746.00
#Win
211.00
#Loss
535.00
#Win/#Loss
0.39
0,"Positive Expectancy of","Negative Expectancy of")'>Positive Expectancy of
2.83
Comparation Number
2,108.16
I repeat this results was obtained with a strategy taken from a site for free. its a long term strategy and the point wich i wanna make clear here is that if u wanna trade the last thing u should do, in my opinion, is to trade with a blackbox for wich u have payed (or get for free). the strategy wich has yelded the above results has everything disclosed so it is not a black box. Do u think that any pluggin is worth the money? i don`t.
Personal i like to design my own strategies but there are strategies done by simple traders that actually works and are free and nobody but the designer is using them...strange thing everyone jumps to throw money for lossing more money, i think this trading thing it is the only field in the world were people pay money to lose more money.
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 8/16/2005(UTC) Posts: 182
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Hi *PP,
Thanks for your interesting post which sounds to be a very good, but free trading strategy. I have sent you a message, please have a look at your inbox.
Sa
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 4/1/2006(UTC) Posts: 135 Location: Romania
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And the results of RMO trading model (i has not mention an exit point so i suposed that the exit should be when swing3 is crossing above swing2) with the following rules
EntryTrig:=Cross( Fml( "SwingTrd 2"), Fml( "SwingTrd 3")) AND Fml( "SwingTrd 2")>0 AND Fml( "Rahul Mohindar Osc (RMO)")>0 AND Mov(C*V,30,S)>300000; ExitTrig:=Cross( Fml( "SwingTrd 3"), Fml( "SwingTrd 2")); taken on the next day open and trading only long are:
Max MFE
276.56%
Min MFE
-0.40%
Max MAE
-0.40%
Min MAE
-59.71%
Max P/L
203.74%
Min P/L
-48.67%
%Win
32.20%
%Loss
67.80%
Avg Win
9.96%
Avg Loss
-4.95%
Avg Win/Loss
2.01
#Trades
7529.00
#Win
2424.00
#Loss
5105.00
#Win/#Loss
0.47
0,"Positive Expectancy of","Negative Expectancy of")'>Negative Expectancy of
-0.03
Comparation Number
-229.55
with my money i would not trade this, u can do whatever u want with ur money ;)
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 4/1/2006(UTC) Posts: 135 Location: Romania
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spaceant i have send u a email. check ur google mail
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 3/7/2005(UTC) Posts: 1,346
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hey gary.... if what he sends you can be tested using metastocks system tester and you have available to you the s&p 500, could you test it against those securities and let us see those results.... then the numbers would be something a metastock user could better relate to.... for some reason his are kinda confusing to me.....
the reason for using the s&p is it's dependable, the nasdaq market contains so many unstable components..... once we have numbers clear to us all, we can build a system..... then test with and without raul's deal as a filter ..........if ya have the time and can.....thanks....h
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