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Dave,
Thank you very much. The Inactivity tab procedure worked exactly as I had
hoped.
The entry condition does not seem to make the entry that I have wanted.
To explain, I have two conditions for entry: 1) The low of the price must
be the lowest low value of any 18 day period. 2) I want to enter above the
high of that LLV (L,18) bar. I have tried the Ref(H,-1) and I have tried
the Alert(C>=LLV(H,18),3). All to no avail. (I tried the "Alert"
function in an attempt to hold the statement for three bars after the LLV
occured).
I can get the L<=LLV(L,18) coupled with a close above the MP() to signal
entry with no problem. I cannot, however, connect the L<=(L,18) statement
with the statement that my entry can only occur above the high of the
lowest bar. (I make my entry based on a % of ATR(50) above the high.) I
have been trading, with success, this condition. I want to test and
attempt to optimize the condition to enhance profits and feel more
confident to increase the trade size. My exit has been C<Ref(L,-1). Now I
can have that exit and the three day in trade rule to build upon.
Again, thank you very much for the response. Hopefully, I have made clear
my objective. If you can suggest a code for the entry it would be much
appreciated.
Thank you,
Al Taglavore
----------
> From: Dave Nadeau <dave_nadeau@xxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: RE: Formula help
> Date: Sunday, January 07, 2001 10:55 PM
>
> Al,
>
> There are two ways you can do this.
>
> In the System Tester, under Stops... select the Inactivity tab. Here you
> can place an absurdly large value like 50,000 after 3 days. This will
force
> the system to exit after three days.
>
> Another way is to use BarsSince(yourentrycondition=1)=3 in the Exit tab
of
> the system tester.
>
> "Also, I would like to enter the trade on the high of the lowest
> bar of the last 18 bars."--By lowest bar I'll assume that you mean both
the
> lowest low and lowest high of the last 18 bars. Your entry condition=1
> would be
> EntryCond:=LLV(L,18)=L AND LLV(H,18)=H;
>
> and you could set the system tester options to enter on the High. If
this
> is a long entry condition, then this will give you a good conservative
> "worst case" condition to evaluate your system performance by.
>
> Dave Nadeau
> Fort Collins, CO
>
>
>
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Al Taglavore
> Sent: Sunday, January 07, 2001 12:18 AM
> To: MetaStock List Group
> Subject: Formula help
>
>
> In the system tester, is there a way to exit a long trade on the third
day
> of entry? Also, I would like to enter the trade on the high of the
lowest
> bar of the last 18 bars.
>
> Thanks,
>
> Al Taglavore
>
>
> _________________________________________________________
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