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Andrew, I'm fairly sure that some sort of basic trade management can
be incorporated into MetaStock, but it would take some thought and
time to put it all together. This would possibly involve an
exploration to find the number of currently open trades, capital
available, and ranking of possible new trades.
jose '-)
--- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
<andrew_tomlinson@xxxx> wrote:
>
> I'm glad to see Jose has again found a way to stretch the
> capabilities of Metastock!
>
> Jose, is there a way to formulate rules in Metastock when you have
> more entries than capital? E.g. three securities qualify under your
> entry rules, but capital allows you to take two. You want to take
> the two with the greatest directional movement (e.g. the largest
> deviation from a MA)? TradeSim just provides a random selection of
> securities up to the capital limits.
>
> Best
> Andrew
>
>
> -----Original Message-----
> From: Jose [mailto:josesilva22@x...]
> Sent: Thursday, December 09, 2004 12:30 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: Turtle Trading Rules
>
>
>
>
> Position sizing normalized to risk (volatility) can be done in
> MetaStock. See link here for some rough details:
> http://www.reefcap.com/ubb/Forum15/HTML/000189.html
>
> Variable position sizing can then be referenced by Roy's equity
> indicators and explorations.
>
>
> jose '-)
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
> <andrew_tomlinson@xxxx> wrote:
> > Be aware that the key elements of the turtle trading system are
> > based in portfolio management, and are therefore not programmable
> > in Metastock (or in any other system tester that I am aware of).
> > Positions are sized by relative volatility, and you need to put
> > together rules as to what to trade when you have more signals than
> > capital.
> >
> > Andrew
> >
> >
> > -----Original Message-----
> > From: wemmer2001 [mailto:dieter@x...]
> > Sent: Wednesday, December 08, 2004 3:03 PM
> > To: equismetastock@xxxxxxxxxxxxxxx
> > Subject: [EquisMetaStock Group] Turtle Trading Rules
> >
> >
> >
> > Hi
> > Could anyone please offer advice w.r.t. Metastock Code for the
> > Turtle Trading System. (The complete system rules can be
> > downloaded from www.originalturtles.org/docs/turtlerules.pdf)
> > Briefly, one system included in the rules is as follows:
> >
> > Enter on 55 day breakout, exiting on a 20 day breakout in the
> > opposite direction (if entered long then exit on 20 day short
> > breakout).
> >
> > Stops : Stop is set at 2N.
> > N = ((ATR(19) + last days ATR)/ 20
> > {Basically 2 X 20 period Exponential Average True Ranges}
> >
> > Pyramiding: A maximum of 4 extra units are added when in the
> > position moves in your favour in the following manner:
> > For each 1/2 N move after initial entry, add 1 unit. All existing
> > stops are then moved to the same position as the most recent
> > unit's stop, whereafter they remain fixed and do not form
> > trailinng stops.
> >
> > Regards
> >
> > Dieter
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