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Hi,
I have developed quite a good trading strategy but I would like to test that does it get any better if I use some kind of market confirmation. For example, I won't buy even if my current system tells me to UNLESS S&P500 is above 200DMA etc.
Is this possible to test?
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Rank: Advanced Member
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You need to have a look in you Users Manual at the Security() function.
Something along the lines of:
myBuy:={entry criteia};
SnP500:=Security(path to security,C);
myBuy and SnP500>Mov(SnP500,200,S);
Hope this helps.
wabbit :D
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Rank: Newbie
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security function works only in professional (at least that is what it says). I have EOD.
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Rank: Advanced Member
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Security() was implemented in MS Version 7.0 and exists in the EOD and Pro versions.
Have a read of the Users Manual and check.
wabbit :D
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Rank: Newbie
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I have version 8.0 and neither the user's manual or metastock's help know about that function....
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Rank: Advanced Member
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The security function was added to MS 9.0 EOD or is available only in Pro versions ... Unfortunately that is what you need to complete your system ...
Patrick :mrgreen:
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Rank: Newbie
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Rank: Advanced Member
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Why don't you try the CustomIndex I just uploaded somewhere else, create a folder with sp&500 and try the function ...
Patrick :mrgreen:
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Rank: Newbie
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Because I can't get the CustomIndex to work :)
When I first save the forumdll.dll to C:\\Program Files\\Equis\\MetaStock\\External Function DLLs\and then open Metastock and click functions, the forumdll is not in the function category although everything else in that ExternalFunctionDll -folder is there.....
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Rank: Advanced Member
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Guys
There seems to be some confusion about when the Security function was introduced to EOD and Pro versions of MetaStock.
MS Pro got that function in one of the MS 7.XX versions. 7.20 definitley has it.
However the EOD version didn't get it until 8.0, or possibly 8.01. It's definitely there in 8.01, and everyone should have taken advantage of the free upgrade from 8.0 as its System Tester was a shocker.
If you have either MS Pro or MS EOD in version 8.01 or later then you do have the Security() function.
If you have an earlier version without the Security() function then you can still use the "P" function/indicator/variable as a sort of proxy for the Security() function. It requires an index chart to be open and either the price or an indicator to be marked so it can be called by an exploration or systems test. Only the CLOSE price is available via "P" when the price is marked directly, but that's easy to get around by making an indicator with the preferred price. "P" can only be applied to one indicator (or price), and it's up to the user to make sure all the necessary information is imbedded in that one indicator.
Roy
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Rank: Advanced Member
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Thanks Roy I completely forgot about the P variable :D
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