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12noon  
#1 Posted : Thursday, August 11, 2005 11:06:25 PM(UTC)
12noon

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hello all, i was just wondering if there was a formula for the pattern trading system 1 expert/explorer to show short entries/exits. Thank you all for the help in advance. It seems like my eyes have been glued onto my computer screen since i got metastock months back :shock: Im in need of a nap! Thanks noon
crwinnr5  
#2 Posted : Monday, August 15, 2005 12:42:53 AM(UTC)
crwinnr5

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Hi 12Noon, I will try my hand at answering your post. The pattern in the PS Pattern1 is just that - a BUY pattern - there is no coresponding sell as it relates to this pattern. There is a ton of "pattern" information from various sources and are rather easy to enter into the Explorer. I have a number of patterns set up in my Explorer and run them against the securities I monitor. Here is an example of a "SELL" pattern: If(C<Ref(L,-1) AND H>Ref(H,-1) AND L<Ref(L,-1),1,0). The source of this pattern is from information published by Larry Williams. You mighy also check out a recent post to the Traders Tips from TASC in Metastock's Trading Resources on "Targeting Your Pattern." Charley
12noon  
#3 Posted : Tuesday, August 16, 2005 12:23:03 AM(UTC)
12noon

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thanks a lot charlie I will look into it thanks
Jose  
#4 Posted : Tuesday, August 16, 2005 9:21:34 AM(UTC)
Jose

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crwinnr5 wrote:
If(C<Ref(L,-1) AND H>Ref(H,-1) AND L<Ref(L,-1),1,0)
Since the Low of any bar is always lower than the Close, the above exit long condition can be simplified this way: [code:1:48d9321e38]H>Ref(H,-1) AND L<Ref(L,-1)[/code:1:48d9321e38]... which is another way of saying, "exit on outside days". In any case, note that it is only possible to trade an inside/outside day on the next trading day (or next trading bar if trading intraday), since the High & Low of the day can only be known after the market closes. jose '-) http://metastocktools.com
crwinnr5  
#5 Posted : Tuesday, August 16, 2005 1:34:32 PM(UTC)
crwinnr5

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Yes Jose, this is Larry Williams exit techinique or sell on an Outside day with a down close. I think it was developed before MS implemented the Outside reference. The key to this one is a down close and not just an outside day.
Jose  
#6 Posted : Wednesday, August 17, 2005 7:17:33 AM(UTC)
Jose

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crwinnr5 wrote:
The key to this one is a down close and not just an outside day.
In that case, you would need to add C<Ref(C,-1): C<Ref(C,-1) AND H>Ref(H,-1) AND L<Ref(L,-1) jose '-) http://metastocktools.com .
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