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Re: How to set STOP N Bars



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Hi

You guys are wonderful.
Thanks to you guys, several days of hair pulling and bashing my head against
the wall has come to an end now.
This exactly what I was looking for and will try it out. More than that, I
just realized that there could be other functions like "BarsSince" which
with a bit of imagination could be used for complex issues. (Back to the
manuals).

Thanks again
Regards
Siva


----- Original Message -----
From: "Dave Nadeau" <dave_nadeau@xxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Tuesday, March 27, 2001 1:22 AM
Subject: Re: How to set STOP N Bars


> Siva,
>
> Two ways of doing this:
>
> 1.)  In the System Tester, under Stops..., and Inactivity..., just set the
minimum amount of
> movement to some unreasonably high number like 50,000 and right
below,select the number of days in
> trade that you desire.
>
> 2.)  To program this in Formula Language, the general form is as follows:
>
> EntryConditionVariable:=Cross(mov(c,18,e), mov(c,33,e));
> ExitLongTest:=If(BarsSince(EntryConditionVariable)> 4{or some N
bars},1,0);
>
> Use both of these as any other True/False variable.
>
> Dave Nadeau
> Fort Collins, CO
>
> --- "Sivaraj.K" <siva@xxxxxxxxxxxxxx> wrote:
> > Hi
> >
> > Is it possible to set (close long positions) N Bars from the time the
BUY
> > position is entered? How is this done?
> > In TradeStation  the following puseduo code would accomplish this:
> >
> > "If current bar if greater than or equal to the number of bars from the
> > Position Bar than Exit."
> >
> > What I want to do in MetaStock for example:
> >
> > Long:
> > Cross(mov(c,18,e), mov(c,33,e))
> >
> > Close Long:
> > N Bars from going Long.
> >
> > Buy on next day Open.
> > Exit on next day Open.
> >
> > Any suggestion would be most welcome.
> >
> > Regards
> > Siva
> >
> >
>
>
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