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<FONT face=Arial
size=2>Kevin:
<FONT face=Arial
size=2>
Sounds
great.
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size=2>
1. Where can
I find these spreadsheets?
2. Where can I order
Metalib?
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size=2>
I agree with you,
Excel and other spreadsheets are very useful and flexible.
<FONT face=Arial
size=2>
<FONT face=Arial
size=2>Lionel
<FONT face=Tahoma
size=2>-----Original Message-----From: Kevin Barry
[mailto:kevin_barry@xxxxxxxxxxxxxx] Sent: Friday, November 01, 2002
5:13 AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] General Remoarks On MS System TesterAm
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
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