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Re: [Metastockusers] Finding threshold value for an indicator



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Pierre,
 
On inspection on the chart, any trade  entered is exited only the next day, not on the same day.  If exit is on the same day, then the nunmber of trades should equal number of days RSI(14)>70.
 
Any suggestion?
 
AnthonyPierre Tremblay <pt2000@xxxxxxxxxxxxxxxx> wrote:
Anthony,These instructions are for MS8.But the formula was for MS7 :    RSI(14)>70    You have to use an Inactivity STOP for 0 periods with a large number.    At OPTIONS in the system tester,  you should enter 0 as delay.I don't know if it will work in MS7.Pierreanthony chia a écrit:> Pierre,>  > The part below is "strange part":>  > >     In the simulation, at SYSTEM TESTING OPTIONS, you click on MORE> >     and on> >     the TRADE EXECUTION FOLDER, you uncheck REALISTIC MARKET PRICES and> >     enter DELAY BARS OPENING : 0.>> My version is below 8.>  > Anthony
 Chia>  >> Pierre Tremblay <pt2000@xxxxxxxxxxxxxxxx> wrote:>>     Anthony,>>     For version 8, it's  : >     RSI(C,14) > 70>>     Sorry,>>     Pierre>>     anthony chia a écrit:>>     > Pierre,>     > >     > More than 1 month late, but what version of metastock are u using?>     >>     > Anthony Chia>     >>     > Pierre Tremblay <pt2000@xxxxxxxxxxxxxxxx> wrote:>     >>     >     Daniele,>    
 >>     >     You can use the System Tester to find that :>     >>     >     In BUY ORDER :>     >>     >     RSI(14)>70>     >>     >>     >     You use an Inactivity STOP :>     >     Inactivity minimum change :  Positions : LONG>     >     METHOD : POINTS>     >     Parameters :  Minimum change : 999>     >     Periods :   0>     >>     >     In the simulation, at
 SYSTEM TESTING OPTIONS, you click on MORE>     >     and on>     >     the TRADE EXECUTION FOLDER, you uncheck REALISTIC MARKET>     PRICES and>     >     enter DELAY BARS OPENING : 0.>     >>     >     You complete the simulation and the number of trades is the>     number of>     >     days where RSI(14) > 70.>     >>     >     Pierre>     >>     >>     >>     >     Daniele Bevilacqua a écrit:>    
 >>     >     > Hi,>     >     >>     >     > in order to decide which threshold to use to validate an>     >     indicator, so>     >     > far I have been eyeballing them on charts of a lengthy>     period of>     >     time>     >     > and drawn very empirical (to say the least) conclusions. I am>     >     > wondering if there is a better way to do this - there must>     be, I>     >     assume...>     >    
 >>     >     > What I would like to do, is find the percentage of time>     that the>     >     > indicator in question has been above (or below) a certain>     value>     >     for a>     >     > specific security, eg since Jan 00 the RSI of YYY, Inc.>     has been>     >     above>     >     > 70 only 3.5% of the time.>     >     >>     >     > Even better, what is the value below which fall 95% (or 90%>     >     etc.)
 of>     >     > the observations of the indicator in the time frame specified.>     >     >>     >     > Any suggestions?>     >     >>     >     > many thanks in advance>     >     >>     >     > Daniele>     >     >>     >     > Yahoo! Groups Sponsor>     >     > ADVERTISEMENT>     >     >>     >    >     <<A
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