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Groups: Registered, Registered Users Joined: 2/19/2012(UTC) Posts: 106
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Hello,
I use Metastock 11 Professional edition.
I am trying to code a buy and sell order for the system tester—long position only. The buy order should buy the security when the 20 period exponential moving average crosses above the 40 period exponential moving average in a security whose present closing price is greater than 800.
Cross(Mov(C,20,E),Mov(C,40,E)) AND C>800
The sell order should sell when the price arises 8 units from the price when it was bought.
Something like
Create this binary indicator sellx
Z1:= Cross(Mov(C,20,E),Mov(C,40,E)) AND C>800;
Z2:= (ValueWhen(1,Z1,C) + 8)>=C+8;
Z2;
then the sell order should read
If(sellx=1,(ValueWhen(1,Z1,C)+8),C)
Could you check whether the coding is correct as—the ValueWhen function only returns the closing value for the first instance of the MA crossover while the system tester looks historically backward for say 4years.
I am aware my code is a bit amateurish
But if the coding is not correct—what should it be?
Awaiting your reply,
Regards,
Sourav Edited by user Wednesday, November 22, 2023 2:40:21 AM(UTC)
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