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Hi,
Since I do not have all the knowledge that so many people on this Board have, I use the Explorations in MetaStock just as they are written, to find opportunities to trade.
After I have found what the Exploration is looking for, I study the Chart using Support and Resistance and Trendlines. I will then pick a stock and use the System Tester to see which System would produce the most Profit and then I use the Expert Advisor for further instruction.
I will set a Target and Exit price. I am not confident enough to Short stock so I only go Long.
If my approach is incorrect, I hope someone will correct what I am doing.
Thank you.
Debra Ann
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--- Begin Message ---
To: <Metastockusers@xxxxxxxxxxxxxxx>
Subject: RE: [Metastockusers] Re: EXPLORER
From: <uhehs@xxxxxxxx>
Date: Thu, 24 Apr 2003 14:44:56 -0400
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<span
>I plan on
spending LONG hours over the next few weeks.
<span
>
<span
>Anything
you would add/delete to this Exploration, and why?
<span
>
<span
>Do most
people find their stocks using some type of explorer like this or am I totally
off base?
<span
>
<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: pring99 [mailto:pring99@xxxxxxxxx]
Sent: Thursday, April 24, 2003
2:38 PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: [Metastockusers] Re:
EXPLORER
<span
>
<font size=2 color=black
face="Courier New">First off, to have faith in what your indicators are telling you,
you <span
>
are going to have to learn what they are and what they are attempting
to do. I wouldn't put anything in the tester that I didn't
understand.
Also, you should put each of these indicators into the Indicator part
of the program and plot them and look at some charts.
Finally, just cut and paste this language into the system tester. Get
your manual out and see how the system tester works. Also go through
some of the canned Equis ones for examples. I don't know if I can
teach you how to use the system tester efficiently through an
email. You are going to have to do most of that on your own.
Pring
--- In Metastockusers@xxxxxxxxxxxxxxx, <uhehs@xxxx> wrote:
> That shows how new I am to this [Metastock] thing; I took some
members'
> recommendations and threw them all together.
> I don't even know what AROON is! But plan on reading up on
everything as
> time permits.
>
> The good thing about the Long/Short thing is that I've been getting
about 10
> to 1 Longs versus shorts. Kind of like it's own breadth
indicator.
> The only short for the past few days has been FON.
>
> I'm not sure how to use the System Tester yet. Especially for
something
> like this.
> Any suggestions?
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