|
PureBytes Links
Trading Reference Links
|
Hello Robin,
Stocks & Commodities magazine is a good source for these formulas.
The one that you are looking for was published in the February 1999
issue. You can download individual articles from the S&C website
(www.traders.com)
for a few bucks.
I hope that helps.
Regards,
Kevin
At 12:55 01/11/02 +0100, you wrote:
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 -----
From: Kevin Barry
To:
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 unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
Yahoo! Groups Sponsor
<font face=arial
size=-2>ADVERTISEMENT<img src="http://ad.doubleclick.net/ad/N879.ameritrade.yahoo/B1054521.11;sz=300x250;adc=ZHS;ord=1036153280?"; alt="" width="300" height="250"
border="0">
To unsubscribe from this group, send an email to:
Metastockusers-unsubscribe@xxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|