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HI,
I think if you use the Trade Equity tools will give you the details you are after.
Please, go to Yahoo Group, Finance and there to TradeEquity Group.
There is plenty to learn with those indicators, explorations.
Cheers,
Carlos
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taforme <taforme@xxxxxxxxx> wrote:
I would like to "backtest" an EOD trading method intended primarily
for index futures, e.g. mini-DOW. The entries and exits are made
based on the condition of 3 indicators and 2 time frames with not
only the value of the indicators but the shape of the indicators as
seen on a displayed chart of each. I am experienced at writing
Metastock explorations and believe that writing an exploration
(system test script) that really captures all the factors used is
close to impossible. Hence, using the Metastock system test is not
an option.
I have done substantial look-forward testing by scrolling forward
charts with the indicators one day at a time (EOD trading
envisioned) and making entry and exit decisions before scrolling to
see the next bar. Based on such manual testing, the discretionary
system
looks very promising. I gave a live demonstration to a
limited audience of traders just to get objective reactions and got
extremely positive feedback. FYI - I have nothing to sell and seek
no money/funds from anyone.
Finally the question.
Does anyone have a suggestion/way to automate the transfer of
manually selected discretionary entry/exit dates (and prices) as
viewed from displayed charts in MetaStock EOD into a
database/spreadsheet so that statistics on a large number of trades
can be studied?
For a non-automated approach, I could create an Excel spreadsheet
with daily data and then use entry and exit columns for each day
with manually entered flags based on what trade action was
determined from looking at the MetaStock chart for each
corresponding day. An Excel formula would then calculate
profit/loss of each trade based on the flags. Once that is
available, other statistics could
be run on it. Of course, all this
woule be done by isolating me from seeing any "future" data.
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