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I execute a Metastock based system. All I can say, is hard code all your
stops, and go through tons of example historical trades. Until every single
trade comes out in Metastock exactly as you expect it to, don't even think
of trying to trade it. Approach it as if someone you really dislike has
written the code and you want to show how bad they really are. Stress test
it with gaps, takeovers, half-days - be as vindictive as you can.
The usual way to trade an end of day system (at least, one that selects from
a portfolio of stocks) is to run the system in Explorer, at the end of each
day, then look at each chart. I also have the same code as an Expert showing
buy and sell arrows (signals, not trades) so I can get my exit signals, and
also so I can easily review trades at a future date.
If you've used system tester in any part of the system design be
particularly careful. I use Trade Sim as I could never trust the results of
system tester. Not with real money.
Before you start to trade you must know all the stats of your system so you
can tell immediately if it starts to behave unexpectedly. And when it does,
stop trading until you understand what's going on. Also make sure you have a
complete system (including things like position sizing) and that you've
tested that complete system (yes, that may mean you have to design and test
portfolio rules).
Andrew
-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of vdldb
Sent: Sunday, November 27, 2005 5:50 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] Trading a Metastock System
I am planning on trading a couple of Trading systems using Metastock.
I am not at all satisfied with the buy / sell signals generated using the
expert advisor. What I have been using to generate my signals during the
paper trading phase are true/false indicators. I take my "Enter Long" and
"Enter Short" codes and make a seperate True/False indicator for each of
these. I color code each of these indicators so as not to get confused.
All of my systems are designed to trade on the Open with a 1 day delay.
Each evening I update my data and check the indicators to to see if a
position change is signaled. Finally I re- run the system which will tell
me if I have made any mistakes on the previous days signals.
My question to the forum is: Is there a better way of doing things?
If anyone has any real experience at executing a Metastock based system, I
am sure many of us would like to hear about it. Also, I am seeing problems
with Metastock missing stop-outs. Does anyone have any ideas about this
one?
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