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There must be something missing. What this sysytem does is buy anytime the 5
day rate of change is negative and the close is below the 5 day average, but
the last day was an up close. For rip snorting bulls it MIGHT work. BTW the
5 day RSI is not needed--- RSI can ONLY rise if price does.
----- Original Message -----
From: <MFall31148@xxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Saturday, September 23, 2000 1:14 AM
Subject: Systems tester query
> Group -
> saw a piece in the most recent "Active Trader" magazine. They had the
> TradeStation code for EOD but not the MetaStock. Can someone help here?
> It's as follows:
> Enter Long if 1) today's five-day RSI is greater than yesterday's
> five-day RSI; 2) today's close is below the close of
five
> days ago; and
> 3) today's close is less then or equal to the average
of
> the last five day's closes.
> Exit tomorrow at the market if: 1) today's close is higher than
the
> average of the last five days'
> closes, or
> 2) you have been in the trade 10
days.
> This system buys "Calls" and says that it works with the S&P 500 and NYSE
> indexes, and individual stocks. Any help writing the MetaStock (6.52
only!)
> code is greatly appreciated. Thanks...Milt Fall [mfall31148@xxxxxxx]
>
>
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