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Fellow testers:
I've constructed a little oscillator that has the following
simple rules:
Enter Long: Cross(-2,ForecastOsc(close,3))
Close Long: Cross(ForecastOsc(close,3),2)
Enter Short: Cross(ForecastOsc(close,3),2)
Close Short: Cross(-2,ForecastOsc(close,3))
When a signal is posted the trade are then initiated on the
opening of the next day (OPEN, -1).
My problem:
When the system "triggers" a trade (i.e., a long trade when the
oscillator is below -2) and the next day's action pulls the
oscillator above +2, MetaStock doesn't recognize the one day
trading reversal.
Everything works fine if there is a day between the signals
(below -2 or above +2), ... it only "misfires" on one day
turnarounds.
ANY and ALL comments about this phenomena would be appreciated.
Obviously, I'm missing something.
Steve Karnish
CCT
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