Hi, I am trying to develop an entry signal based on 5/10/15/20 day exits. It should be quite simple but I am running into problems. The entry signal for instance is C>Mov(C,10,S) and C>Mov(C,20,S). What exit formula would I use in order to exit after 5 days? I tried BarsSince(C>Mov(C,10,S) and C>Mov(C,20,S))=5 but it doesn't work. The formula recounts everytime the entry signal becomes true. I hope someone can help me. ](*,) Frank

Thanks for that. Much appreciated. :P

The code as is will open a trade if the criteria is met, it will exit the trade five days later if, and only if, the criteria is not met again during the five days. If you only want to initiate a trade and leave it open for five days, regardless of what happens with respect to your criteria, then try this: Delay:=5; N:=C>Mov(C,10,S) AND C>Mov(C,20,S); N:=N AND Alert(N=0,2); Tr:=If(PREV=0,N,BarsSince(PREV=0)<=Delay); Tr; Hope this helps, this time. wabbit :D P.S. Where in Perth are you. Me SOR.

what code are you using in the tester as the entry, and as the exit? How long are each of the trades? Can you duplicate the trades on that specific stock using the code as an indicator? System Tester Entry should be: tr=1 and alert(tr=0,2) Exit should be: tr=0 and alert(tr=1,2) Set the delays at zero and see how that goes. Right now though, I am off to bed! If you are still working tonight (Monday night) post any further problems - I may have a brief opportunity to have a look for you tomorrow morning - else someone else here might help out too! wabbit :D

Hi, I need a formula to count number of trading days within a month (meaning that the counter will reset with a fresh month) to study seasonality. However, the function DayOfMonth() only returns the dates instead of true trading day. Anyone can help? Thanks, edwin

Hi Wabbit, thanks for your reply. I am very new to the metastock programming language. I tried out the formula thisMonth:=LastValue(Month()); BarsSince(Month()<>thisMonth) which only plots the trading days only for June period. I tried your idea but make some changes and it works! If(Month()=1,BarsSince(Month()<>1), If(Month()=2,BarsSince(Month()<>2), If(Month()=3,BarsSince(Month()<>3), If(Month()=4,BarsSince(Month()<>4), If(Month()=5,BarsSince(Month()<>5), If(Month()=6,BarsSince(Month()<>6), If(Month()=7,BarsSince(Month()<>7), If(Month()=8,BarsSince(Month()<>8), If(Month()=9,BarsSince(Month()<>9), If(Month()=10,BarsSince(Month()<>10), If(Month()=11,BarsSince(Month()<>11), If(Month()=12,BarsSince(Month()<>12),0)))))))))))) Thanks for your help and pointers, Edwin :D

See http://forum.equis.com/viewtopic.php?p=3581#3581 wabbit :D

Solved: lastmonth:=Ref(month(),-1); barsSince(lastmonth<>month())+1 The problem is that the day the condition is true BarsSince()=0 byt when we count (unless you are a computer programmer) then the first day is 1 not 0. Hope this helps. wabbit :D P.S. To prove the difference between the formulas, plot this: edwin:=If(Month()=1,BarsSince(Month()<>1), If(Month()=2,BarsSince(Month()<>2), If(Month()=3,BarsSince(Month()<>3), If(Month()=4,BarsSince(Month()<>4), If(Month()=5,BarsSince(Month()<>5), If(Month()=6,BarsSince(Month()<>6), If(Month()=7,BarsSince(Month()<>7), If(Month()=8,BarsSince(Month()<>8), If(Month()=9,BarsSince(Month()<>9), If(Month()=10,BarsSince(Month()<>10), If(Month()=11,BarsSince(Month()<>11), If(Month()=12,BarsSince(Month()<>12),0)))))))))))); lastmonth:=Ref(Month(),-1); wabbit:=BarsSince(lastmonth<>Month()) +1; edwin-wabbit It should be zero, across the board

Hi, I am trying out a system test using only long entry. However, I need to exit on the same day close. How can I code this? I have tried limit, stop and stop limit order with "ref(c,-1) but it doesnt work. Please help. Edwin