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I disagree that there are any redundancies, but this thread is probably
boring the crap out of everyone now, so maybe we should let it go.
----- Original Message -----
From: "Roy Larsen" <rlarsen@xxxxxxxxxxxxxx>
To: <Metastockusers@xxxxxxxxxxxxxxx>
Sent: Monday, April 21, 2003 3:16 PM
Subject: Re: [Metastockusers] Re: Trade Station/instead of Meta Stock?
> 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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