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Glen
I'm not saying MS is easier or better, just that most people make it more
complicated than it needs to be. For example I can see two PREV's that are
redundant in the chandelier exit, and I know another two could also be
removed to speed it up further with very little effort. Given the amount of
redundancy in the example you have chosen certainly doesn't show MS in a
very good light.
Roy
> Okay, as an example of the complexity in coding an exit in MetaStock
> Language, here's a simple channel breakout entry that uses Chuck
> LeBeau's Chandelier Exit. The equivalent EasyLanguage code for a
> Chandelier Exit is about three simple lines of code.
>
>
> LONG ENTRY
> -----------------
> UpperChannel:= Ref(HHV(HIGH, opt1), -1);
> LowerChannel:= Ref(LLV(LOW, opt1), -1);
> CLOSE > UpperChannel
>
>
> LONG EXIT
> --------------
> UpperChannel:= Ref(HHV(HIGH, opt1), -1);
> LowerChannel:= Ref(LLV(LOW, opt1), -1);
> MoneyMgmtStop:= opt2;
>
> {DEFINE ENTRY PRICE, WITH EXIT BEING -ENTRY PRICE AND NO TRADE BEING 0}
> EntryPrice:= If(PREV <= 0,
> {Trade entered today?}
> If(CLOSE > UpperChannel, CLOSE, 0),
> {Trade entered before today. Stopped today?}
> If(LOW <= PREV - MoneyMgmtStop, -PREV,
> If(LOW <= HighestSince(1,PREV=0,HIGH) - 3 * ATR(10), -PREV,
> If(LOW <= HighestSince(1,PREV=0,CLOSE) - 2.5 * ATR(10), -PREV,
> PREV))));
>
> {EXIT IF ENTRY PRICE < 0 (MEANING EXIT)}
> EntryPrice < 0
>
>
>
> ----- Original Message -----
> From: "Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>
> To: <DEFANGED_metastockusers@xxxxxxxxxxxxxxx>
> Sent: Monday, April 21, 2003 12:05 PM
> Subject: Re: [Metastockusers] Re: Trade Station/instead of Meta Stock?
>
> > Glen
> >
> > > Have you ever tried to write an exit in MetaStock language that
> > > refers to the entry price?
> >
> > I do it all the time. It's not that big a deal. An accurate exit that
> > includes provision for a stoploss and profit target as well as an "entry
> > independent" exit can be done with as few as two PREV functions. Three
> > PREV's are better but not essential if the exit stops are based solely
on
> > CLOSE.
> >
> > Roy
> >
> > > I'm a devoted MetaStock user, but EasyLanguage is the superior
> > > language for coding systems and indicators, despite its complexity.
> > >
> > >
> > >
> > > ----- Original Message -----
> > > From: "Henry Z Kaczmarczyk" <henry1224@xxxxxxxxx>
> > > To: <DEFANGED_metastockusers@xxxxxxxxxxxxxxx>
> > > Sent: Sunday, April 20, 2003 3:53 PM
> > > Subject: [Metastockusers] Re: Trade Station/instead of Meta Stock?
> > >
> > > > Have you ever tried to write a formula in easy language? You can
> > > > only plot 4 lines in an indicator. you have a certain limit of
> > > > indicators in tradestation. Metastock is faster than TS, you can
> > > > only do 1 stock per system test at a time. it costs more for TS
> > > >
> > > >
> > > >
> > > > --- In Metastockusers@xxxxxxxxxxxxxxx, "keithsipos2003"
> > > > <keithsipos@xxxx> wrote:
> > > > > Trade station, seems to have all the tools Meta stock does, with
> > > > > simpler means to arriving at the same ends. Is this a company
> > > > > that works as well as Meta Stock/or does metastock have the
> > > > > edge?
>
>
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>
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