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Hi Daniel
You are trying to be both a day trader and a long term position trader;
that is hard to do with the same tests. I am not sure that what you are
looking for can be done at any price.
One thing that I can say, which might help: The 6.51 Pro real time
version of MS can do separate tests on both intraday charts (I use 3
min.) and daily data. Believe me the indicators are often completely
different (contrary) on charts with different time period orientation.
I use the day trading version of MS and find that a simple trend line
usually is the best stop signal for me. Sometimes the trend line is
supported by the system, but often it is not. You might try using a
trend line exit on whatever intraday chart that you have access to.
Larry
____________________
Daniel Martinez wrote:
> Hello J.W.E.,
> When I wrote my first email, I suspected I'd have to do that. The
> problem is I'll have to write a formula which incorporates 3 different
> stochastics with variables all at the same time. Since I am not fully
> familiar with the System Tester, I think it will take at least a full
> day.
>
> Also, Metastock has a poor implementation of stops. In actual
> trading, I would never allow more than a 15% loss in one day.
> However, using end-of-day data, MetaStock doesn't use intraday stops.
> <snip>
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<BR>Hi Daniel
<BR>You are trying to be both a day trader and a long term position trader;
that is hard to do with the same tests. I am not sure that what you
are looking for can be done at any price.
<P>One thing that I can say, which might help: The 6.51 Pro real
time version of MS can do separate tests on both intraday charts (I use
3 min.) and daily data. Believe me the indicators are often
completely different (contrary) on charts with different time period orientation.
<P>I use the day trading version of MS and find that a simple trend line
usually is the best stop signal for me. Sometimes the trend line
is supported by the system, but often it is not. You might try using
a trend line exit on whatever intraday chart that you have access to.
<P>Larry
<BR>____________________
<P>Daniel Martinez wrote:
<BLOCKQUOTE TYPE=CITE> Hello J.W.E.,
<BR>When I wrote my first email, I suspected I'd have to do that.
The problem is I'll have to write a formula which incorporates 3 different
stochastics with variables all at the same time. Since I am not fully
familiar with the System Tester, I think it will take at least a full day.
<P>Also, <B><FONT COLOR="#FF0000">Metastock has a poor implementation of
stops.</FONT></B> In actual trading, I would never allow more than
a 15% loss in one day. However, using end-of-day data, MetaStock
doesn't use intraday stops. <snip></BLOCKQUOTE>
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