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Hello List,
There's one problem with programming exits in Metastock...
Lets say a system goes long when RSI(14) crosses 30 upwards at the close. This would be
{Enter long}
cross(RSI(14),30)
Now, is there any way to exit this trade at the next day's open?
For all I know, this can be done only using Tester's options {Exit price=Open} and entering a formula in the {Close long} section li
ke barssince( cross(RSI(14),30)=1.
The problem is when you want to use this example as a minor rule within the system. That is, your system normally would get in and o
ut at the close, but also you might want to use this RSI for scalping etc. Of course, a chang of Tester's options would affect ALL y
our system, not just the RSI :-((
So maybe, somehow, someone knows of a workaround? Can it be helped?
Thanks,
Yarroll
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