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Please help me for selling at highest price (with figure..)
Rank: Newbie
Groups: Registered, Registered Users, Subscribers Joined: 10/3/2007(UTC) Posts: 2
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Hi, i am a new user, but i got a problem.
For system tester example:
Buy order :Cross(Mov(C,1,E),Mov(C,10,E))
Sell order :Ref(Mov(C,1,E),-1)>Mov(C,1,E)
Metastock will sell at the price of the left circle.
http://myhome.ethome.com.tw/chen102349/2.JPG
How to change the sell order formula that Metastock will sell at the price of the right circle,please?(the highest price before the sell order Cross(Mov(C,10,E),Mov(C,1,E))
Thanks all.
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/7/2005(UTC) Posts: 602
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I have never found anything that could consistently do that. Except for price level both tops look the same so you have to come up with something to make each unique . I usually have to get stopped out on the first top then get back in again and get out again after the next top. For testing you can use the ZIG function to grab the tops but this would not work for trading since it "looks backwards" in time. I sometimes have found extrapolating the next day's signal works but mostly this gives as many false signals as good ones. Sorry for not being more helpful.
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers Joined: 10/3/2007(UTC) Posts: 2
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When using optimization in system tester by the sell order Ref(Mov(C,opt1,E)-1)>Mov(C,opt1,E)), the results were always not good enough, even couldn't use in reality. This big problem really confused me for a long time.
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/7/2005(UTC) Posts: 602
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In your spare time you may want to research what "fractal" means in reference to charting. I found it to be a good concept to remember when looking at charts and taking signals. Fractals usually reference the really neat pictures you can make but in charting terms means you "see" the same chart pattern no matter what "time period" you dial into, daily chart patterns look like weekly which look just like monthly, etc. Looking at a weekly chart may have missed the first and found the second? The tech bubble is a good example, those peaks lasted "years" one after another. If your time frame was "days" you were in and out for a long time and then hopefully getting out on that last peak. If you emotionally said "this peak has got to be it" and got all out you may have missed half the ride. (getting out on that last peak - no problem, LOL).
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Please help me for selling at highest price (with figure..)
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