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Ian,
Good point and something that I had not noticed with the BarsSince since I first
used it in a test of sorts last week.. I ran a different test just now and the
Ref function seems to present it own set of problems. So unless I'm doing
something wrong, it looks like the Inactivity Stop for a "n" bar exit might
still the best way to go with entry conditions that occur very frequently.
Here's the little "test" I just tried:
Enter Long:
H>Ref(H,-1)
The following doesn't exit where I want because of the frequency of the Enter
Long condition:
Close Long:
BarsSince(H>Ref(H,-1))=10
.....nor does this:
Close Long:
Ref(H>Ref(H,-1) ,-10)
But using the Inactivity Stop still does the trick. Thanks for bringing this
up.
Ken
Ian Burgoyne wrote:
> HHP, is that the best way to code an exit if you want to specify holding an
> open trade for a specific number of days? For example if you had a set of
> conditions for entering long, and wanted to stay in the trade for 3 days
> would the exit be -
> EXIT LONG
> ref(conditions of enter long,-3)
>
> I tried working with barssince in the System Tester to exit from a position
> after a specific number of days but this didn't work because if the
> condition(s) was met AFTER entering the position the exit would be from the
> most recent occurrence of the "enter long" condition thus keeping the trade
> open for longer than specified.
> regards Ian
>
> >From: HHP <hhp@xxxxxxxx>
> >Reply-To: metastock@xxxxxxxxxxxxx
> >To: metastock@xxxxxxxxxxxxx
> >Subject: Re: engulfingbear()
> >Date: Wed, 10 May 2000 15:51:57 -0700
> >
> >Ref(Engulfingbear, -3)
> >As of the current day, there was an EngulfingBear three days previous
> >(so exit today).
> >
> >HHP
> >==============
> >
> >Walter Lake wrote:
> > >
> > > Thank you and others for your help.
> > >
> > > It works fine ... although I don't understand the use of "-" which I use
> >for
> > > "yesterday(s)" vs "+" for tomorrow(s).
> > >
> > > Will post the path and instructions on how to get the XL results for
> >those
> > > that asked.
> > >
> > > Thanks again
> > >
> > > Walter
> > >
> > > ----- Original Message -----
> > > From: "HHP" <hhp@xxxxxxxx>
> > > To: <metastock@xxxxxxxxxxxxx>
> > > Sent: Wednesday, May 10, 2000 3:51 PM
> > > Subject: Re: engulfingbear()
> > >
> > > | Have you tried:
> > > | Ref(Engulfingbear(), -3)
> > > | ?
> > > |
> > > | HHP
> > > | ===================
> > > |
> > > | Walter Lake wrote:
> > > | >
> > > | > The suggestion to use
> > > | >
> > > | > Enter Short = engulfingbear()
> > > | >
> > > | > in System Tester works fine ... however
> > > | >
> > > | > Close Short = engulfingbear()+3
> > > | >
> > > | > doesn't work ... neither does the use of any form of "Ref(C,+3)"
> >etc.
> > > | > setting stops also doesn't appear to work.
> > > | >
> > > | > Everything that I've tried produces unequal length trades not a
> >fixed
> > > length
> > > | > trade, i.e., 3 day, 5 day, and 10 day trades.
> > > | >
> > > | > The saving of the trades to file and then opening the file in Excel
> >and
> > > the
> > > | > production of a distribution, histogram and descriptive stats is
> >very
> > > easy
> > > | > and programmable in VBA
> > > | >
> > > | > So any suggestions on how to program the close of the long/short for
> >the
> > > | > "engulfingbear" event would be appreciated.
> > > | >
> > > | > Best regards
> > > | >
> > > | > Walter
> > > | >
> > > | > ----- Original Message -----
> > > | > From: "Walter Lake" <wlake@xxxxxxxxx>
> > > | > To: <metastock@xxxxxxxxxxxxx>
> > > | > Sent: Wednesday, May 10, 2000 7:32 AM
> > > | > Subject: Re: nasty, nasty
> > > | >
> > > | > | Hi Steve
> > > | > |
> > > | > | Oh yes .... I discovered that all of my System Tester code was for
> > > | > indicator
> > > | > | crosses etc and nothing for specific events, i.e., Inside Days,
> >Doji,
> > > etc.
> > > | > |
> > > | > | I found that I didn't have a clue on how to set up a system test
> >for
> > > | > | "events".
> > > | > |
> > > | > | How would I set up a standardized run that would capture all of
> >the
> > > | > | occurrences of the event and what happened over successive trading
> > > days (1
> > > | > | to 3, 1 to 5 and 1 to 10 days etc.).
> > > | > |
> > > | > | Obviously I would want to test both longs and shorts.
> > > | > |
> > > | > | Equity curve, profitability, is not important only the capturing
> >of
> > > the
> > > | > | number of occurrences and immediate results.
> > > | > |
> > > | > | Any suggestions from anyone would be appreciated. VBA and XL
> >coding
> > > have
> > > | > | diminished my MS code writing skills and warped my thinking <G>
> > > | > |
> > > | > | Best regards
> > > | > |
> > > | > | Walter
> > > | > |
> > > | > | ----- Original Message -----
> > > | > | From: "Steve Karnish" <kernish@xxxxxxxxxxxx>
> > > | > | To: <metastock@xxxxxxxxxxxxx>
> > > | > | Sent: Tuesday, May 09, 2000 9:31 PM
> > > | > | Subject: Re: nasty, nasty
> > > | > |
> > > | > |
> > > | > | | Walter,
> > > | > | |
> > > | > | | Are you sure you wanna go there?
> > > | > | |
> > > | > | | Steve Karnish
> > > | > | | Cedar Creek Trading
> > > | > | | http://www.cedarcreektrading.com
> > > | > | | ----- Original Message -----
> > > | > | | From: Walter Lake <wlake@xxxxxxxxx>
> > > | > | | To: <metastock@xxxxxxxxxxxxx>
> > > | > | | Sent: Tuesday, May 09, 2000 5:45 PM
> > > | > | | Subject: nasty, nasty
> > > | > | |
> > > | > | |
> > > | > | | > Hi Steve
> > > | > | | >
> > > | > | | > Thanks for the list of TA goodies.
> > > | > | | >
> > > | > | | > Do you ... or does anyone else have System Tester code written
> >to
> > > list
> > > | > | the
> > > | > | | > occurances of "nasty, nasty".
> > > | > | | >
> > > | > | | > I assume that you use engulfingbear() as your signal to enter
> >and
> > > then
> > > | > | ...
> > > | > | | > how many days would you set before exit? I assume that you
> >could
> > > use
> > > | > the
> > > | > | | > optimizer to set different days-in-trade.
> > > | > | | >
> > > | > | | > Once the trades are listed in the system tester, then they can
> >be
> > > | > "copy
> > > | > | | and
> > > | > | | > pasted" into Excel to plot the distribution and stats.
> > > | > | | >
> > > | > | | > It'll be interesting to get some data on this "bad boy".
> > > | > | | >
> > > | > | | > Best regards
> > > | > | | >
> > > | > | | > Walter
> > > | > | | >
> > > | > | | > ----- Original Message -----
> > > | > | | > From: Steve Karnish
> > > | > | | > To: metastock@xxxxxxxxxxxxx
> > > | > | | > Sent: Tuesday, May 09, 2000 12:48 PM
> > > | > | | > Subject: Re: (Market) A few trades I am looking at
> > > | > | | >
> > > | > | | >
> > > | > | | > Jeff,
> > > | > | | >
> > > | > | | > Sugar is always a quirky market to trade...but, we whack at it
> > > from
> > > | > time
> > > | > | | to
> > > | > | | > time. Currently, we're waiting for a retracement to the 6.10
> > > level.
> > > | > We
> > > | > | | > feel there is evidence gathering that will allow us to
> >position
> > > lower:
> > > | > | | >
> > > | > | | > 1. Monday's "bearish engulfing candle"...nasty, nasty
> > > | > | | > 2. The curl on the 13 day moving average looks like Elvis
> > > Presley's
> > > | > lip
> > > | > | | > 3. The major trendline is at ~6.10
> > > | > | | > 4. The 144 day moving average is at ~6.10
> > > |
>
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