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Hi Kevin.
In fact, the automatization is not the maximum in this way.
With Excel and tradestation possibilities are greater.
But not every time I search some formulas in excel format the results
are what I'm looking for. This is because of my ingorance and for other reasons
of unawailibity on the web.
For example, at now I'have not a correct formula for the minus and plus
directional movement indicators and the adx which give me the same results as
the original in metastock (without decimals) and tradestation.
Some indicators and relationship not are so clear and linear to build. Not
for all, by the way I suppose.
At the end... we are saying the same thing about meta-limits :-)
robin
----- Original Message -----
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
<A title=kevin_barry@xxxxxxxxxxxxxx
href="mailto:kevin_barry@xxxxxxxxxxxxxx";>Kevin Barry
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
Sent: Friday, November 01, 2002 12:12
PM
Subject: [Metastockusers] General
Remoarks On MS System Tester
Am I missing something or am I the only one to think that
the MS System Tester is perfectly useless?The only available
entry/exit options (up to v7.2 anyway) are Open, Close, High, Low. Surely
what is required in order to reflect real life is the option to enter or
exit a trade at a specific intraday price. For example, if you are a swing
trader like myself, you may want to enter a trade a tick above yesterday's
high or, say, when the price crosses a moving average. Does anybody really
use the high/low options for entry/exit testing? If you do, your systems
will backtest brilliantly.IMO, the other major shortcoming is the
inability to enter a second trade before the previous one has been closed.
Once again, this is unrepresentative of real life where one may wish, say,
to add to an existing position if the move continues in one's
favour.I now use Excel for all of my system testing. Tests are pretty
easy to set up and you can plot equity curves and lots more besides. Excel
formulas for practically all of the Metastock indicators are widely
available on the web. You can either copy and paste MS data into your
spreadsheet or there is a great little package called Metalib that enables
you to read Metastock data into Excel in batch mode thereby performing
one, or several, system tests on several equities at the same time. I
found Peter Zierl at Metalib to be extremely helpful when I was initially
setting it up for myself.Nearly all of the other testing requirements
that I have seen mentioned in this forum can easily be realised using
Excel. I hope that this may be of some help to the Group.End
Testing Misery Now!Regards,Kevin To
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