|
PureBytes Links
Trading Reference Links
|
Hi Jim,
Your input is very valuable to us.
Definitely we will work on this to ensure our app
will handle this type of system design :)
Thank you.
-Lawrence Chan
p.s. we are not metastock, don't confuse us with them.
--- Jim Johnson <jejohn@xxxxxxxxx> wrote:
> Hello Lawrence,
>
> For me (and me only) the "switching costs" would be
> unacceptable. I
> have maybe 100 systems, indicators, etc. that I use
> in EasyLanguage.
> MS would have to present some very significant
> advantages to offset
> that investment in time.
>
> My limited experience w MS suggests it cannot be
> programmed in the
> depth and complexity of TS. If I am wrong about it
> then at the very
> least MS has not done a good job marketing that
> aspect.
>
> I've attached a system Bob Buran gave away called
> G-Force. for me it
> is a complicated system to code. could it be done
> in MS? How long
> would it take me to learn MS language and then in
> turn code this
> system. Even if it could be done, I don't see the
> advantage of doing
> it.
>
> I'm open to enlightenment however.
>
>
{==================================================================================}
>
> {from B Buran. Data1 = 10 min bars, Data2 = 60 min
> bars, Data3 = 600(daily) bars.}
>
> {takes longs at end of 1st third of day only; takes
> short anytime before 3:00 PM EST}
> {short trades are based on MA crossover (daily) +
> range expansion (60 min); long is based on
> spike pattern in first third of the day.}
> {Exit based on penetration of multiple of range
> average +/- EntryPrice}
> {NOTE: short trades were a net loss over
> 97-98 period. Use system for long only.}
>
>
> Inputs: SpikTrig(150), LkBck(13),
> RngMult(2.5){Range expansion for
> sells},
> SLM(.3);{Stop Loss Multiple of Av
> Range}
>
> Vars: Spike(0),Time1(0), Time2(0), Time3(0),
> Time4(0), Time5(0), AvLo(0), Lowestlow(0);
>
>
>
> Time1 = CalcTime(Sess1StartTime, 30); {minutes
> after open to waint until entry}
> Time2 = CalcTime(Sess1StartTime, 130); {end of
> first third of trading day-11:40EST}
> Time3 = CalcTime(Sess1StartTime, 260); {end of
> second third of trading day--1:50EST}
> Time4 = CalcTime(Sess1StartTime, 340); {latest time
> to enter the market-3:00EST}
> Time5 = CalcTime(Sess1StartTime, 390); {15 minutes
> before close-4:00EST}
> AvLo = Average(Low, LkBck);
> LowestLow = Lowest(Low,13);
>
> {short entry--anytime before 3:00EST}
> {If MarketPosition = 0 and Average(C of Data3,3) <
> Average(C of Data3,9) and Time > Time1 and Time <
> Time4 then begin
> If Range of Data2 > RngMult*Range[1] of
> Data2 then sell("RExSE") market;
> end;}
>
> {long entry--at 11:40EST only}
> If Time = Time2 {first third of day} then begin
> Spike = (AvLo- LowestLow)/ (Average(Range,
> LkBck))*100;
> If Spike >= SpikTrig and
> Close > Close[4] and
> LowestLow < OpenD(0){ and
> Close > OpenD(0)}then
> buy ("SpikeLE") market;
> end;
>
> {first third of day exit for short positions; no
> longs held during this time period}
> If Time <= Time2 {w/i 1st time shadow} and
> MarketPosition = -1 then
> exitshort at the ("SLSX1 ") at (EntryPrice +
> SLM*Average(Range, 10))stop;
>
> {2nd third of the day exit at +/- 1.5
> Average(Range,10)}
> If Time > Time2 and Time <= Time3 then begin
> If MarketPosition = +1 then
> exitlong ("SLLX2") at AvLo -
> SLM*(Average(Range, 13)) stop;
> If Marketposition = -1 then
> exitshort ("SLSX2") at
> (entryprice+SLM*average(range,10)) stop;
> End;
>
> {last third of the day exit at EntryPrice}
> If Time > Time3 and Time < Time5 {w/i 2nd third of
> the day} then begin
> If MarketPosition = +1 then
> exitlong ("SLLX3") at entryprice stop;
> If Marketposition = -1 then
> exitshort ("SLSX3") at entryprice stop;
> End;
>
> {last 3rd of day exit 10 15 minutes before close}
>
> If Time >= Time5 {leaves 15 minutes to exit} then
> begin
> If MarketPosition = +1 then
> exitlong ("MOCLX") ;
> If MarketPosition = -1 then
> exitshort ("MOCSX");
> End;
>
> {===============================================}
>
> Best regards,
> Jim
>
> Sunday, January 14, 2001, 2:04:38 PM, you wrote:
>
>
>
> LC> Jim,
>
> LC> Please let me know what you consider important
> in TS
> LC> that keep you using it all the time.
>
> LC> We definitely want to know :)
> LC> Incorporating features users really like is very
>
> LC> important to us :)
>
> LC> About metastock language - it has its advantage
> LC> because
> LC> it is easier for most non-programmers to
> percieve
> LC> formulas as oppose to structured coding. Can't
> LC> complain
> LC> that.
>
>
> LC> --- Jim Johnson <jejohn@xxxxxxxxx> wrote:
> >> Hello Carl,
> >>
> >> Every once in while I have the same thought and
> say
> >> "Naaaa!". I just
> >> seems to me that nothing else can do all that
> >> TradeStation does. nOw
> >> if you don't need all that stuff, it makes sense.
>
> >> But my limited
> >> understanding of Metastock is hat it doesn't do
> it
> >> all, I'd hav eto
> >> learn a new coding language that is less
> powerful,
> >> many commercially
> >> available iindicators are not done in Ms
> language,
> >> many free
> >> indicators and code ( ala Omega List) aren't
> >> available, etc.
> >>
> >> I haven't communicated with Omega Research in at
> >> least 12 months don't
> >> so I don't care how they treat customers. It is
> >> like social
> >> security, if you get something from them, great.
> But
> >> the best route is
> >> to independent of them.
> >>
> >> BTW--I use TS4 on two machines and keep 2000i in
> its
> >> box.
> >>
> >> Best regards,
> >> Jim
> >>
> >> Sunday, January 14, 2001, 7:05:30 AM, you wrote:
> >>
> >>
> >> CV> It is a shame of course. I am more and more
> >> considering a switch to Equis
> >> CV> Metastock Pro RT. This company is seen as
> >> respecting its customers much more
> >> CV> than Omega.
>
=== message truncated ===
=====
Lawrence Chan http://www.tickquest.com
Innovative Analytical Software for Trading Professionals
|