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<DIV><FONT face=Arial size=2>Hi folks,</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>I'm having a problem with the Downloader. I
use Reuters Datalink. Frequently, I get an error message "User no longer
valid in Folder". When I get this message, and use Windows Explorer to
examine the directory, I find a few temporary files, and some other files that
are apparemtly part of the housekeeping files used by the Downloader (in
addition to the standard Metastock data and master files). If I delete
these "housekeeping" files, the Downloader resumes working normally.
</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>When I contacted Reuters Datalink, I was told that
this was a sign of a slow processor. I was using a 200Mhz Cyrix on a PR200
mother board. Since then, I purchased a new Compac Presarion 566 Mhz
system. I'm still getting the problem, although less frequently (even when
this is the only app running).</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Any ideas??</FONT></DIV>
<DIV><FONT face=Arial size=2>Thanks,</FONT></DIV>
<DIV><FONT face=Arial size=2>Dan - Florida</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat Jul 08 17:03:59 2000
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Message-ID: <001d01bfe903$3d934aa0$5ee6f0c3@xxxxx>
From: "wilty van rees" <wvanrees@xxxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
References: <004801bfe5d1$80909db0$755fe0d5@xxxxxx> <000901bfe805$7ddbcaa0$98e6f0c3@xxxxx> <3966052D.4502A15F@xxxxxxxxxxxxx>
Subject: Re: Three line break
Date: Sat, 8 Jul 2000 19:36:44 +0200
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Status:
Amadeus,
I'll try to illustrate the use of the 3-LineBreak DLL in Metastock with a
gif. However, I am not an expert in the 3-LineBreak method. More and better
information regarding the 3-LineBreak is available. Steve Nison in 'Beyond
Candlesticks' describes some ways to trade the 3-LineBreak and other
LineBreaks.
Attached is a .gif file of the Nasdaq. The components are:
1) A simple Expert with:
- Trends page; Bullish: ExtFml( "_wvrLnBrk.LineBreak", 3) > 0 (Ribbon:
Green)
- Trends page; Bearish: ExtFml( "_wvrLnBrk.LineBreak", 3) < 0 (Ribbon:
Red)
- Highlights page; Up, Green color: ExtFml( "_wvrLnBrk.LineBreak", 3) >
0
- Highlights page; Down, Red color: ExtFml( "_wvrLnBrk.LineBreak", 3) <
0
2) An indicator:
- Formula: breakpoint:=ExtFml( "_wvrLnBrk.LineBreak",3 ) ;
If(breakpoint <> 0.00,Abs(breakpoint), close);
- Color: Dark blue
- Style: Some kind of dotted, the last one in the drop-down list
- Weight: Medium
The indicator (dark blue dotted line) gives the reversal point for the
current trend: The Nadaq closed Friday 7 July at 4023.20, the current trend
is up, the breakpoint is 3839.26. If the Nasdaq closes next Monday below
3839.26, the trend would reverse.
If you would use the 3-LineBreak in the standard way:
- go long when the 3-LineBreak turns bullish
- exit when the 3-LineBreak turns bearish,
the indicator shows you at which price the 3-LineBreak eventually will
reverse. Of course you can apply these rules too if you go short instead of
exit the long trade.
If you think it's appropiate to your trading system, you can use the
indicator for setting your stop/reverse points. Anyway you now know where
your stop/reverse points are if you follow the standard LineBreak rules.
Most important is a trading system you are comfortable with. For my trading
the indicator is often too far away from the price, in those situations I
prefer to tighten the stop.
Regarding your note 'The end value displayed on a chart differs from the one
I get in an exploration':
It's quite possible you found a bug. I checked it, but couldn't find any
differences.
Because the LineBreak for a given period (day) depends on what happened in
the past, be sure to load the same number of periods for the chart and the
exploration.
Please inform me if the problem recurs.
Best,
Wilty.
----- Original Message -----
From: Amadeus <sekaken@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Friday, July 07, 2000 6:28 PM
Subject: Re: Three line break
> Thanks for the precision but I still have a question : the end value
> displayed on a chart differs from the one I get in an exploration.
>
> May be could you post a gif to illustrate the use of this indicator.
>
> Regards,
>
>
>
>
> wilty van rees a écrit :
>
> > Mickey,
> >
> > The value of the indicator gives the trend and the breakpoint. An
example:
> > If the value is -35.40, the trend is negative and would reverse if it
closes
> > above 35.40. The next value is e.g. -34.00 which means the breakpoint
has
> > moved lower. I use the indicator as a visual aid to see where the
> > breakpoints (stops) are. And if the stop is too far away for me, I
tighten
> > the stop.
> >
> > I really don't know how difficult it is to code in MSX (PowerBasic in
your
> > situation) when you know only a little VBA because both PowerBasic and
VBA
> > are quite unknown to me. Maybe you better ask Equis. I use Delphi and
though
> > I know how to logically solve a problem, the coding is often some trial
and
> > error.
> >
> > Mr DeBry sure has some nice add-ons. Maybe he can solve your problem
with
> > some minor changes in one of his add-ons or create a new add-on. Anyway
I
> > have no intentions in that direction.
> >
> > Yes, I'm Dutch. Currently I'm only trading securities (short to
intermediate
> > term) but intend to do more on options.
> >
> > Wilty.
> >
> > ----- Original Message -----
> > From: Michel Amelinckx <Michel.Amelinckx@xxxxxxxxxx>
> > To: <metastock@xxxxxxxxxxxxx>
> > Sent: Tuesday, July 04, 2000 6:04 PM
> > Subject: RE: Three line break
> >
> > > Wilty,
> > >
> > > By creating the correct dir and copying it there it worked. Great
work !
> > > Does the widening of the indicator has any meaning ? Problem is I'm
not
> > so
> > > in to three line breaks, you always have to wait till a move shows up.
> > But
> > > great work, this kind of shows the power of MSX. How difficult is it
to
> > > code in MSX for someone who knows ONLY a little VBA ?
> > >
> > > And yes you are correct that this can not be done with the system
tester,
> > > but you could use the Explorer. I use it already now but it only
> > registers
> > > the last trade and enter at the open or close. Mr. De Bry made a
similar
> > > thing as add-on (check www.debry.com ) only it enters on the open but
it
> > > records all trades and gives some statistics and I need something
similar
> > > but where I could enter through a stop order and also a way to exit.
You
> > > could then copy it to excel and analyse it further. I'm trying to
code
> > > something similar in QP.
> > >
> > > What Mr. Strubbe concerns, yes I know him, met him already on
different
> > > occasions (on fairs and lectures). Problem is, it is not my cup of
thee.
> > > Because he is more into options and I'm more of a Jeff Cooper & GBS
kind
> > of
> > > a guy. And I'm much rather learn from the masters in the field like
John
> > > Murphy, Martin Pring and for candlesticks Steve Nison.
> > >
> > > What is your style and are you Dutch ?
> > >
> > > Greetings
> > > Mickey
> > >
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