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Not so, Richard. The idea is to set an exit a (calculated) variable
amount below the highest close. As conditions deteriorate (determined
by other parameters) the exit level gets closer. This gives a wide stop
on entry and a close stop near the end. I'm trying to put a Nelson
Freeburg/Bruce Babcock strategy into the system tester.
Harvey Pearce, Victoria, B.C. Canada
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Richard Estes wrote:
>
> And what would you have? How would you use it? you buy at 15, the next days
> high is 15.13, do you exit? it is highest value since entry.
>
> I am afraid you are stuck with periods, but think about it, you don't know
> if it is highest value since entry unless you set periods. This is like
> those buy on open without delay or using optimization for trading, it would
> be a situation of who is fooling who.
>
> Richard Estes
>
> -----Original Message-----
> From: Harvey Pearce <hpearce@xxxxxxx>
> To: Metastock User Group <metastock-list@xxxxxxxxx>
> Date: Sunday, February 08, 1998 11:07 PM
> Subject: HHV since Entry?
>
> >In the System Tester I want to write an exit condition that applies a
> >calculation to the highest (or lowest) close since entry. I cannot use
> >a simple stop because of the calculation, and the HHV() function only
> >applies to a fixed period. I would use the Highestsince() function if I
> >can find a way to reference the entry. Referencing the entry conditions
> >will not work because they repeat after the entry. Does anyone see a
> >way around this? Any help will be much appreciated.
> >
> >Harvey Pearce, Victoria, B.C. Canada
> >
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