|
PureBytes Links
Trading Reference Links
|
Lionel,
Great idea! It certainly sounds possilbe. Recently, Herman posted a
great thought about using Dynamic Data Exchange (DDE) and returning a
value to Metastock. It is a good concept, although I would be
concerned with computational speed, especially when backtesting lots
of historical data in a large portfolio.
> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Lionel Issen
> Sent: Sunday, September 02, 2001 1:12 PM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: An Easy Solution to BarsSinceEntry,
> EntryPrice, PREV, etc.
>
>
> could we do this in Excel?
> Lionel Issen
> lissen@xxxxxxxxxxxxxx
> ----- Original Message -----
> From: "Dave Nadeau" <dave_nadeau@xxxxxxxxx>
> To: "Metastock" <support@xxxxxxxxx>; "MetaStock Listserver"
> <metastock@xxxxxxxxxxxxx>
> Sent: Sunday, September 02, 2001 9:31 AM
> Subject: An Easy Solution to BarsSinceEntry, EntryPrice, PREV, etc.
>
>
> > This is an open message to anyone who has the Metastock
> Developers Kit
> > and is competent in one of the programming languages it uses
> > (PowerBasic, Delphi, C++). I would do this myself, but I'm not
> > competent in any of those languages...or rather, I'm not
> a programmer
> > at all really...
> >
> > Through the Metastock Formula Language, there are functions which
> > could provide the information to a .dll that would hold
> any value from
> > the start of a trade: Cum(1), ValueWhen(),BarsSince(),
> to name a few.
> >
> > If someone could program a .dll that could just store a
> variable as
> > necessary, and hold that until it was reset, then all of
> the functions
> > in the Subject of this message could be managed, as well
> as officially
> > killing the justifiably maligned PREV function.
> >
> > All the .dll would have to do is to allow the passing of an input
> > variable, and return the stored variable. Or it could do this for
> > multiple variables, if the input stream would allow.
> >
> > The Metastock code would then be written to pass a
> trigger and a value
> > (say +1, ValueWhen(1,Signal=Long,Open+1)) to the .dll at
> a trade entry
> > signal. Any subsequent entry signals (+1,...) would not
> change the
> > stored value in the .dll. The .dll would have an
> internal flag that
> > would be set when it initially stores a variable, and it would
> > internally test everytime it receives a new signal of +1 (in this
> > example) and would store a new value only when the flag is false.
> >
> > An exit signal would send a zero and the .dll would reset
> the stored
> > value to either the closing price or zero (I can see arguments for
> > both). At this point the .dll would be ready to trigger
> and save a
> > value again when it is passed a +1 or a -1 (for a short entry).
> >
> > As Roy has so impressively demonstrated, all of the other trading
> > details and equity calculations could be handled in the Metastock
> > code. This would also open the door for calculating things like
> > Maximum Adverse Excursion and Max Favorable Excursion, etc.
> >
> > If anyone could write this kind of a .dll, that would be
> a huge help
> > to so many Metastock users. And Equis, if anyone's
> monitoring here,
> > this would be a simple add-in to your future products.
> It wouldn't
> > affect your source code of the System Tester and would
> add tremendous
> > functionality.
> >
> > ================
> > Dave Nadeau
> > Fort Collins, CO
> >
> >
> >
> > _________________________________________________________
> > Do You Yahoo!?
> > Get your free @yahoo.com address at http://mail.yahoo.com
> >
>
_________________________________________________________
Do You Yahoo!?
Get your free @yahoo.com address at http://mail.yahoo.com
|