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I would also like to see the ability to add more (contracts) to a test
after a certain condition (time, indicator,etc.....) is obtained. This
could make some marginal system test much more profitable.
Adam
----- Original Message -----
From: <wander@xxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Thursday, August 12, 1999 3:53 PM
Subject: Re: System Tester Stops
> I agree that this is a feature that needs to be added asap and would go a
long
> way in making a good product better.
> It's a very frustrating limitation to only be able to exit at a bar's
O,H,L, or
> C. This ranks as the most important feature that needs to be addressed in
the
> System Tester as far as *I* am concerned. I'd rather be able to run a
test that
> accurately calculates equity from a more robust range of scenarios on only
one
> security at a time, rather than to have the ability to test multiple
securities
> with the current limitations...if I had to choose. Remarkably, not
everybody's
> pain threshold is exceeded only on the O,H,L, or C. Currently, lots of
methods
> are unable to be tested because current entry/exit restrictions do not
permit
> equity to reflect more realistic trade situations...unless you always only
> enter/exit on O,H,L, or C.
>
> Changing subjects slightly,
> can someone tell me what having "Exit at Stop Price" checked really does.
As
> best as I can tell,
> it seems that the only feature of "Exit at Stop Price" is that it ignores
Trade
> Delay. While this is an improvement,
> I can find nothing else that it does. Equity still seems to be calc'd
from
> whichever Exit Price has been selected....O,H,L, or C.
>
> For example, under OPTIONS, if Trade Price/ Exit Price/ DELAY is set to 1
and
> "Exit at Stop Price" is checked, all trades that exceed
> the Max stop value are stopped out ON the bar that price actually
penetrated the
> Max stop value (P/L restricted to calculating
> from the user preselected Exit Price of either O,H,L, or C), but trades
that
> close as a result of a condition that one writes in
> Metastock Language (such as a low falling below a moving average) continue
to
> exit 1 bar AFTER the exit condition is
> triggered.
> If "Exit at Stop Price" is NOT checked, BOTH scenarios will close the
trade 1
> bar after the exit condition is triggered.
>
>
>
>
>
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