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Hello Larry,
<BR>No, I want to be able to run EOD system tests which will produce reliable
results. What I want is for Equis to use intraday signals on their
stops. This shouldn't be hard, even if the day is a whipsaw day.
If the stop is within the day's low/high range, the position is closed.
Otherwise, if the stock or index makes a very large move, you end up losing
a large percentage of your investment. <B>In reality, this would
<I>never</I> happen<I>.</I></B>
<P>Let's say you are running a system test using multiple OPTx variables
and you unknowingly struck gold. One of the combinations of OPTx's
is a winner, the one which will make you rich and independently wealthy
(ye Holy Grail of TA). $35 Mill. Malibu mansion, here I come!! <IMG SRC="cid:part1.363247F5.BB3D63A1@xxxxxxxx"; HEIGHT=16 WIDTH=16 ALIGN=ABSBOTTOM>
One single large moving day can skew the results of that combination test
so badly, it can turn a winning system into a mediocre or, even worse,
a losing system. So, you end up casting that golden system aside.
Good-bye mansion, good-bye wealth, good-bye jet setter lifestyle. <IMG SRC="cid:part2.363247F5.BB3D63A1@xxxxxxxx"; HEIGHT=16 WIDTH=16 ALIGN=ABSBOTTOM>
<P>Because of the way MetaStock's EOD System Tester works, the results
are suspect and will not give you accurate results. You would have
to manually check each security to see if it had volatile days. I
want to use EOD data because using several years of data will allow
me to create systems for short-term intraweek trading. <B><FONT COLOR="#FF0000">All
I want is for Equis to <I>fix it</I> and I am even willing to pay $50 for
the upgrade.</FONT></B>
<P>Daniel.
<BR>
<P>P.S.: I appreciate that GIF you sent me. But I think you
should know, that moving spider took up 56K. Those little smiley
faces I insert are little more than ¼K each. Your total message
size was 82K and was larger than my personally set download limit.
My mail server doesn't have much bandwidth, so when I get large messages,
it tends to take awhile to download. While I am writing this message,
I can't even get mail for some reason.
<P>Because Netscape saves all PIC's within the message content and not
separately, I had to delete your message. I don't like to keep large
messages in my Netscape folders because all similar messages are combined
into a single file. I have only resumed receiving messages from this
ListServ since 10/16 and my Netscape MetaStock ListServ file is already
1.3 MB's.
<P>The only time I keep large messages is when it has a chart. However,
even then, the sender should use his personal web space. Using converter
software, a word processor, and FTP Explorer (which is free), the process
takes just as long to convert to GIF, write in HTML, and upload.
FTP Explorer even supports drag and drop from Windows Explorer to your
web space. <IMG SRC="cid:part3.363247F5.BB3D63A1@xxxxxxxx"; HEIGHT=16 WIDTH=16 ALIGN=ABSBOTTOM>
<BR>
<BR>
<P>L Petersen wrote:
<BLOCKQUOTE TYPE=CITE>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>
</BLOCKQUOTE>
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