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<FONT face=Arial color=#0000ff
size=2>Kevin,
I agree with you that the system
tester prior to 8.0 was fairly useless. Equis has made some nice
improvements with 8.0 in allowing you to program in intra-bar exits. They
have also expanded the output information that you get from the tests and allow
you to keep all the past tests (so you can go back and compare the results of
changes you made to old tests).
<FONT face=Arial color=#0000ff
size=2>In terms of working in Excel, is there any way to plot the buy/sell &
exits back onto MS charts once you have them? To me this visual check in
MS is critical. I always go back to the charts and see if my formulas are
working. Thus, for example, if I want a stop out if price crosses the
20 EMA, then I go back and see if this is working. I know you could go
back and do this in Excel but I would rather look at a picture of a chart than a
series of numbers.
<FONT
face=Arial color=#0000ff size=2>
Good
Trading,
<FONT face=Arial color=#0000ff
size=2>
Joe
J.
<FONT face=Tahoma
size=2>-----Original Message-----From: Kevin Barry
[mailto:kevin_barry@xxxxxxxxxxxxxx]Sent: Friday, November 01, 2002
4:13 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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