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[EquisMetaStock Group] Trade Equity User Guide Update



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Hi All

An updated "TE Guide.zip" file has been placed in the files section of this
site. "Trade Equity User Guide.doc" has up-to-date versions of currently
supported indicators and explorations, some older formulas, and a 'Table of
Contents' that makes the document much easier to navigate. I'd like to think
that the release of MS version 8 would make 'Trade Equity' obsolete, but
sadly I don't think that will be the case. The "Features" and "Limitations"
sections of the user guide are included below for your interest.

Roy

Features


1.                    Drop-down indicators display equity curves without
running the System Tester.

2.                    Intra-day prices can be used for entry or exit as well
as OHLC.

3.                    Intra-day trades can be executed using EOD
(end-of-day) data.

4.                    Base indicators run on MS 6.52 or above, and enhanced
indicators run on MS 7.01 or above.

5.                    All 'Trade Equity' code and support is free.

6.                    Code is unrestricted and can be adapted by anyone with
MetaStock Formula Language competency.

7.                    A 'Points Only Test' is an option with 'LE' and 'SE'
(equal) versions.

8.                    Position sizing by percentage is an option with 'LE'
and 'SE' (equal) versions.

9.                    Position sizing by 'Number-of-Shares' is an option
with 'LE' and 'SE' (equal) versions.

10.                 Externally generated entry-based exit stops can be used.
See 'Trade Stop' for examples

11.                 Faster execution of explorations with dll's and MS 7.01
or above.

12.                 Percent commission is possible with 'LE' and 'SE'
(equal) versions. Some code substitution is necessary.

13.                 Trades only occur when both entry and exit signals are
valid.

14.                 Trading system performance can be included in templates,
smart charts and experts.





Limitations


1.                    Entry-based exit stops can't be generated internally.
'Trade Stop' or other external code is required.

2.                    'Trade Equity' will not limit the number of
concurrently open trades - all first entry signals are taken.

3.                    All exploration reports must be transferred to a
spreadsheet program for further analysis.

4.                    There are no money management options available other
than position sizing with equal versions.

5.                    Optimisation can only be achieved by repeated
explorations using manually adjusted values.

6.                    There is a distinct learning curve associated with
using 'Trade Equity', but it is worth the effort for the budget conscious
serious system tester.




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