Rank: Newbie
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Joined: 5/28/2008(UTC)
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Location: Pennsylvania, USA
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I am new to this tool (which is excellent!) and I'm hoping one of you can point me in the right direction.
I have a system that allows for simultaneous positions. In certain circumstances I would like to trigger a second or third buy signal, but only if I'm currently holding a position. That is, I would not want the buy signal to fire if I was not already in a position.
Is there a way to assess whether or not I'm currently holding a position?
Thanks!
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Rank: Advanced Member
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Hi milton, Welcome to the Forum. Download Roy Larsen's instructions on how to create a latch using MS Formula Language free from the files section: http://forum.equis.com/files/3015/metastock_files/entry19675.aspxtest the first has triggered without an exit signal, then test for the other entry signals. If you have a single exit signal this makes life easy for the latch code. If you have multiple independent exit criteria, the latch code is still do-able, but its going to get quite messy and involve using nested PREV statements which is going to be slow and CPU intensive. Consider using an external function instead. Hope this helps. wabbit [:D]
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 5/28/2008(UTC)
Posts: 2
Location: Pennsylvania, USA
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wabbit,
Thanks for the reply. Fortunately, I am working with only one exit signal. I will download the suggested item and give it a shot. I really appreciate your help.
milton
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