[EquisMetaStock Group] Re: A better trade binary

[pumrysh <no_reply@xxxxxxxxxxxxxxx>]

Jose,

Thanks for sharing this. I played with the indicator a bit. With the 
right entry and exit conditions this works well as a system by itself.

Preston


--- In equismetastock@xxxxxxxxxxxxxxx, "Jose" <josesilva22@xxxx> 
wrote:
> 
> I recently stumbled on an improvement to the basic trade binary 
code, 
> which allows the use of ValueWhen() instead of BarsSince() 
MetaStock 
> functions.
> 
> Avoiding the BarsSince() function means that the indicator code now 
> does not need to wait for the first entry signal before plotting an 
> exit signal.  This is best illustrated by plotting and comparing 
the 
> two trade signal indicators below.
> 
> 
> MetaStock -> Tools -> Indicator Builder -> New ->
> Copy and paste complete formulae between "---8<---" lines.
> 
> 
> ====================
> System trade signals
> ====================
> ---8<--------------------------
> 
> { System trade signals - note: simultaneous
>   Long/Short signals cancel each other }
> { http://www.metastocktools.com }
> 
> { Signals reference example }
> entry:=C>Mov(C,21,E);
> exit:=C<Mov(C,10,E);
> 
> { User inputs }
> plot:=Input("Signals:  [1]Clean,  [2]All,  [3]Trade binary",1,3,1);
> delay:=Input("Entry and Exit delay",-1,5,0);
> 
> { Clean signals }
> x:=ValueWhen(1,entry-exit<>0,entry-exit);
> long:=x=1
>  AND (Alert(x<>1,2) OR Cum(IsDefined(x))=1);
> short:=x=-1
>  AND (Alert(x<>-1,2) OR Cum(IsDefined(x))=1);
> signals:=long-short;
> binary:=ValueWhen(1,signals<>0,signals);
> 
> { Plot in own window }
> Ref(If(plot=1,signals,
>  If(plot=2,entry-exit,binary)),-delay)
> 
> ---8<--------------------------
> 
> 
> ===============================
> System trade signals - original
> ===============================
> ---8<--------------------------
> 
> { Original trade signals code }
> { BarsSince() function prevents first exit plot}
> { With thanks to Roy Larsen at
>   http://www.metastocktips.co.nz }
> 
> { Signals reference example }
> entry:=C>Mov(C,21,E);
> exit:=C<Mov(C,10,E);
> 
> { User inputs }
> plot:=Input("Signals:  [1]Clean,  [2]All,  [3]Trade binary",1,3,1);
> delay:=Input("Entry and Exit delay",-1,5,0);
> 
> { Clean signals }
> Init:=Cum(entry+exit>-1)=1;
> entryInit:=Cum(entry)=1;
> flag:=BarsSince(Init OR entry)
>  <BarsSince(Init OR exit)+entryInit;
> signals:=(entryInit AND Alert(entryInit=0,2)
>   OR flag AND Alert(flag=0,2))
>    -(flag=0 AND Alert(flag,2));
> binary:=ValueWhen(1,signals<>0,signals);
> 
> { Plot in own window }
> Ref(If(plot=1,signals,
>  If(plot=2,entry-exit,binary)),-delay)
> 
> ---8<--------------------------
> 
> 
> jose '-)
> http://www.metastocktools.com





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