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I've been trying for years to get Equis to let us test day trading systems
by being able to buy or sell on the open and exit on the close. This would
be a big help to some of us futures traders.
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]
On Behalf Of Yngvi Hardarson
Sent: Friday, August 13, 1999 12:12 AM
To: metastock@xxxxxxxxxxxxx
Subject: RE: System Tester Stops
It would also be quite useful to be able to make a special code (formulas)
for stop simulation (execution). At the moment it is not possible to code
stops explicitly as such into the systems. It is only possible to make such
code a part of the system you are working with and MS makes no distinction
between that code and the rest.
Yngvi Hardarson
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of wander@xxxxxxxx
> Sent: 12. ágúst 1999 20:54
> To: metastock@xxxxxxxxxxxxx
> 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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