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I'll give it a try.
Thanks much
Lionel Issen
lissen@xxxxxxxxx
----- Original Message -----
From: Sean Taylor <sean.taylor@xxxxxxxxxxxxx>
To: Metastock List <metastock@xxxxxxxxxxxxx>
Sent: Friday, July 21, 2000 3:05 AM
Subject: Re: Entry/Exit at specified price
> Lionel,
>
> This is what I've come up with so far.
>
> Create an indicator called 'System - Volatility Breakout'.
> Then copy this crude code in:
> *************************************************
> {Volatility Breakout System - returns Profit}
> Commission:=21; {for Buy+Sell+Stop}
> TradeAmt:=10000;
> Buy:=O+((Ref(H,-1)-Ref(C,-1))*.7);
> Sell:=C;
> Stop:=O;
> Trade:= O<Ref(C,-1) AND H>Buy AND Ref(C,-1)<Ref(C,-2) AND
> Ref(C,-2)<Ref(C,-3) AND Ref(C,-3)<Ref(C,-4); {Trigger for Trade}
>
> HitStop:= If(Trade AND Stop>=Sell,TRUE,FALSE);
> {Have we hit our Stop}
> TradeSize:= TradeAmt/Buy;
> Profit:=If(Trade,-Commission-TradeSize*Buy,0);{Purchase}
> Profit:=If(HitStop=TRUE,{then}
> Profit+Stop*TradeSize,
> {else} If(Trade AND HitStop=FALSE, {then}
> Profit+Sell*TradeSize,0)); {Sale}
> Win:=If(Profit>0,1,0);
> Loss:=If(Profit<0,1,0);
> Cum(Profit)
> *****************************************************
>
> The indicator charts your profit, you just have to set the first 6
variables
> as per your system. The MS If structures are a pain and I'm sure there
must
> be easier ways to do this. This is also my first attempt to prove if it
> works.
>
> If you then create an Expert Advisor with the following in the Commentary
> definition, you'll get some summary statistics for the system:
>
****************************************************************************
> *********
> Volatility Breakout System
> Security Name: <Name>
> Security Symbol: <Symbol>
>
> Totals: Trades writeval( Cum( FmlVar("System - Volatility
> reakout","trade") ),0.0 ), Wins writeval(cum( FmlVar("System -
Volatility
> Breakout","WIN") ),0.0), Losses Writeval(cum( FmlVar("System - Volatility
> Breakout","LOSS") ),0.0)
> Percentage Wins/Losses: writeval(cum( FmlVar("System - Volatility
> Breakout","WIN") )/Cum( FmlVar("System - Volatility
> reakout","trade") )*100,2.0)%
> Profit: $Writeval(cum( FmlVar("System - Volatility
> Breakout","PROFIT") ),0.0)
> Commission: $Writeval( FmlVar("System - Volatility
> Breakout","COMMISSION"),0.0 )
> Trade Amount: $Writeval( FmlVar("System - Volatility
Breakout","TRADEAMT"),
> 0.0)
>
****************************************************************************
> **********
> If you want to Highlight the Winning days in one colour and the Losing
days
> in another, just use 'FmlVar("System - Volatility Breakout","WIN")' as the
> condition for a WIN etc.
>
> The above is the only way I can see to test a system in MS that specifies
> the entry/exit prices. I suppose the other alternative is Excel!!!
>
> Sean
>
>
>
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