Well....

First, you have to define what you mean for each of the terms you use in your description. As you're going to get a computer to do the work for you, and computers cannot think for themselves, your definitions need to be very precise. Define "resistance area", "bull breakout" and "pullback" without using wishy-washy terms which can be misinterpreted like "near", "almost", "touching" etc. Remember too, that an area or zone on a chart is bounded by price AND time, so take that into account when making your definitions.


wabbit [:D]

Hello Again...It thought it might be difficult for you to find the Traders Tip code for the article. Here's a paste of the Golson code : METASTOCK: MOVING AVERAGE PULLBACKS Steve Palmquist's article, "Trading Moving Average Pullbacks," introduces his moving average pullback system (MAPS). An exploration to search for these signals can be created in MetaStock with the following steps: 1. Select Tools > The Explorer. 2. Click New to open the Exploration Editor. 3. Type a name for the Exploration. 4. Select the Filter tab, which is in the middle on the right-hand side. 5. Click in the larger window and type in the following formula: LLV(C,5)>Ref(HHV(C,20),-20) AND Sum(C<mov(C,30,S),30)=0 AND ((C-Mov(C,30,S))<(0.015*C)) 6. Click OK to close the editor. The securities found by this exploration will be possible candidates for MAPS trades. The entry rules say to buy tomorrow if the security trades above the current day's high. A system test for MAPS can be created as follows: 1. Select Tools > the Enhanced System Tester. 2. Click New. 3. Enter a name for the system. 4. Select the Buy Order tab and enter the following formula: setup:=LLV(C,5)>Ref(HHV(C,20),-20) AND Sum(C<mov(C,30,S),30)=0 AND ((C-Mov(C,30,S))<(0.015*C)); Ref(setup,-1) AND H>Ref(H,-1) 5. Select the Sell Order tab and enter this formula: Simulation.CurrentPositionAge=3 The above system uses a function for the sell condition that is only available in MetaStock version 8.0 or later. If you are using a version of MetaStock earlier than 8.0, then replace step 5 above with the following steps: 1. Click the Stops button. 2. In the Stops window, select the Inactivity tab. 3. Set the Positions to "Long" and the Method to "Percent." 4. Set the Minimum Change to "9999." 5. Set the Periods to "3." 6. Click OK to close the Stops window. --William Golson Equis Internationa

Wabbit and Ken (1948 is an excellent year!),

Thank you so much for your posts – Ken for taking the time to put all the info in the post, and Wabbit for the links. I’ve put the formula into my explorer and got some interesting charts (Aussie market).

I did try to find something on the net and also on the forum but obviously didn’t put in the right combination of words.

Wabbit your first post also raises some good questions which challenge my knowlede of the Explorer - I think I need to revisit the Primer.

Thanks again both of you! Eagle

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