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If you are talking about MS 7.20 you are
correct in some casesuseless for Break Out Systems ie most Trend
Following
and useless for Stops. I haven't
gone to 8.0 yet so can't vouch for whether equishave worked out how
markets work yet!
SYSTEMS THAT ARE MS 7.20 System Tester
Friendly:What you must do is only construct a Close Only or Open
only
method of Entry and Exit and run an MOC
Stop.Someone told me that there was a work around on this problem
with break outs butI have never seen proof of it.
Lionel may have a better idea.
Warmest
Regards
David
Hunt________________________________
<A
href="http://www.adest.com.au";>www.adest.com.au
Phone:
Australia: (02) 9527
4690 ________________________________
-------Original Message-------
From: <A
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
Date: Friday, November
01, 2002 22:11:08
To: <A
href="mailto:Metastockusers@xxxxxxxxxxxxxxx";>Metastockusers@xxxxxxxxxxxxxxx
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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