Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/11/2006(UTC)
Posts: 1
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This question seems so simple I hesitate to ask but I can't find the answer. I would like to do some optimized exit testing where I take profit and/or stop losses at the entry price plus or minus some ATR. The "Stops" tab in the system tester allow you to exit at either percents or points. I would like to exit in ATR's. This seems like it would be simple but I don't find any reference for the entry price in Metastock system language.
In english what I need would be something like: Exit at entry price plus 1.5 (optimized) 14 (optimized) day ATR's.
Any ideas?
Thanks,
Dave
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 9/8/2004(UTC)
Posts: 2,266
Was thanked: 1 time(s) in 1 post(s)
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Try using something like this:
opt1:=1.5;
opt2:=14;
BC:={Buy Condition};
SL:=ValueWhen(1,BC,C+(opt1*ATR(opt2)));
Cross(SL,C)
Patrick :mrgreen:
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