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jopr,
You're welcome!
Consider one more thing in your system.
When the macd of the williams crosses the signal line downwards is
that always a sign of a trend break or momentum loss?
Pay close attention to the value of the williams when the cross
occurs. Also watch the value of the +DI and -DI.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, Johannes Pressler
<jopr2003@xxxx> wrote:
>
> thank you very much preston.
> the idea behind the indicators is following: I can go long only,
there is an indicator for the buying signal - this I have worked out
to my content, the entry signals are perfect and there is a stop loss.
> now the big question is where to realize profits (80 percent of the
entries are followed by an upswing tested back to January 1999)
> the system should first check if there is a present uptrend or not.
if there's no trend, i want to add a trailing stop (I would prefer a
latch using mov and shifted movs, but I can't overcome the
programming problems)
> if there is a trend, then I want to exit when the trend breaks,
which happens when the macd of the williams crosses the signal line
downwards. I would like not to look for the exit points by hand -
it's really time consuming - but to use metastocks power with the
right formula.
> I'll go ahead step by step, thank you for the help
> jopr
> pumrysh <no_reply@xxxxxxxxxxxxxxx> wrote:jopr,
>
> To correct your formula, it should be:
>
> A:=mov(willr(37),13,e); B:=mov(A,13,e);
> ((dx(20)>=20) AND (cross(B,A)))
>
> I made an indicator out of the MA and Williams so that I could plot
> it by itself. The indicator is:
>
> A:=mov(willr(37),13,e); B:=mov(A,13,e);
> A;B;
>
> Then I plotted a DX(20) in another window on the chart.
>
> From the looks of it I believe you need to rethink the use of these
> indicators. Looking at them individually this way its easy to see
> that the A and B indicator works well. The DX(20) does not. Maybe
> longer time frames would help. Also consider whether you need the
> cross event to occur or just A to be > than B.
>
> Hope this helps!
>
> Preston
>
> BTW: Let us know how it works out.
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, Johannes Pressler
> wrote:
> >
> > Dear Preston,
> > I have tried to solve the problem as follows:
> > A:=mov(willr(37),13,e); B:=mov(A,13,e);
> > ((dx(20)A>=20) AND (cross(B,A)))
> > anyway, the signals I receive are wrong, as everytime I get a buy
> signal the sell signal follows suit.
> > I still have a problem how to put the sell order so that only if
> the trend indicator shows the market is trending the system
displays
> a sell signal if the second (MACD over the williams) condition
> appears. if not, there is a trailing stop which should be out of
> order in a trending market.
> >
> >
> > pumrysh wrote:jopr,
> >
> > It is best to post the exact code that you are trying to use.
> >
> > MACD and Williams should be viewed seperately. They are powerful
> > technical analysis tools when used correctly on an individual
> basis.
> > It is possible to combine the two and gain an edge in some cases.
> > Generally, a MACD or Williams and a trigger(simple moving
average)
> > will give exceptional signals.
> >
> > Again, post your complete code.
> >
> > Preston
> >
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, Johannes Pressler
> > wrote:
> > >
> > > dear metastock users,
> > >
> > > I try to program an exit signal using the macd over a williams
> i.e.
> > if the solid line crosses under the signal line then an exit
signal
> > should be activated.
> > >
> > > all this should only happen if the DX is above 25 (=trend)
> > >
> > > if not, a trailing stop should be used to exit the trade
> > >
> > > if (dx(nr.of days)>25) AND (cross(mov(macd(willr(nr.of
days)))),
> > macd(willr(nr. of days)), exit, trailing stop)
> > >
> > > it doesn't work at all:
> > >
> > > 1) no acceptance for (dx(nr.of days)>25)
> > >
> > > 2) no acceptance for the macd on the williams, do I have to
split
> > it into two mov s?
> > >
> > > 3) didn't arrive at the exit, trailing stop problem so far, but
I
> > have the feeling there will be one.
> > >
> > > many thanks in advance for everyone who tries to help.
> > >
> > > happy trading
> > >
> > > jopr
>
>
>
>
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