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Preston
Thanxs for the walkthrough. I understand the logic of what you have
done but I would prefer to optimise on the original formula of Zero
Lag EMA instead of a moving average of Zero Lag EMA.
The original formula that we have been using is the following :
Period:= Input("What Period",1,250,10);
EMA1:= Mov(CLOSE,Period,E);
EMA2:= Mov(EMA1,Period,E);
Difference:= EMA1 - EMA2;
ZeroLagEMA:= EMA1 + Difference;
ZeroLagEMA
I understand that the "mov" function will allow you to only use the
moving averages listed in Metastock i.e EXP, SIM, WEI, etc and not in
this case our Zero Lag EMA so would it be possible to use the "cross"
function. So that the logic would be:
Buy when the optimised Zero Lag EMA(shorter)crosses over the optimised
Zero Lag EMA(longer). And conversely sell when the longer crosses the
shorter.
Yours
PAUL
--- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxx> wrote:
>
> Paul,
>
> Let's see if we can provide some recap information for anyone else
> wishing to take part in this. The indicators were listed by you in
> message 24953.
>
> As I remember we had several indicators from which to take signals. We
> had a MACD that we made using the ZeroLag EMA and we also took the
> ZeroLag MACD and normalized it.
>
> Now we want to do an exploration and optimize some values to see what
> performs best.
>
> This was always a lot of fun but also consumed large amounts of time.
> Even so you have to walk through it just to see how it works.
> Optimization is not widely favored, so just realize that there are a
> lot of critics out there. There are no hardened rules to optimizing as
> any value is fair game but just realize that it is far better to run
> your test on a smaller number of values and if you have to run your
> test several times thats quite alright.
>
> You have chosen the ZeroLag EMA and a moving average crossover. Easy
> enough. First go into the system tester and first thing you notice is
> that there already are some test included. Let's take a look at the
> Equis-moving average crossover...open it. Open the Buy Order tag. What
> you will see is:
>
> Mov(C,opt1,E) > Mov(C,opt2,E)
>
> Next click on the Optimizations tag and look at the values assigned
> for opt1 and opt2.
>
> In order to use the Zero Lag EMA all you will need to do is replace
> the Close or C with an assigned variable for the fml("Zero Lag EMA").
> Like this:
>
> A:= fml("Zero Lag EMA");
>
> Now just reference it in your system test. Like this:
>
> A:= fml("Zero Lag EMA");
> A > Mov(A,opt1,E)
>
> This will leave the original formula intact and you will be optimizing
> on the moving average of it. If you want to optimize the original
> formula you must include it in your test formula instead of just the
> fml call variable. Notice in the example above that all we did was
> place an opt# where a numeric value would normally go.
>
> I would be careful about over-optimizing though. The results are
> really going to be the result of how well the formula performs on a
> particular stock or group of stocks during a particular period of time
> and may not be an indication of how well future performance can be
> determined. Best to try the test on stocks of varying performance and
> use those as a benchmark. This is really where most criticism comes
> from.
>
> That should get you going, Let us know how it goes.
>
>
> Preston
>
>
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Paul Harris" <paul_vicmar@>
> wrote:
> >
> > Some weeks ago Preston and I worked on an exploration and expert
> > advisor for a Zero Lag MACD.
> > So I was looking at using a Zero Lag EMA in a system test, similar to
> > a MA crossover. My only problem is that I want to use the optimiser
> to
> > find the best time periods for Zero Lag EMA and I don´t know how to
> do it.
> > I know I have to indentify the Zero Lag EMA as fml("Zero Lag EMA")but
> > then how can I introduce the opt1 function?
> > Some help would be greatly appreciated.
> > Thanxs
> > PAUL
> >
>
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