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Need help to convert sell condition into Metastock Code
Rank: Advanced Member
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Joined: 10/29/2004(UTC)
Posts: 32
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Hi,
Buy condition: cross(stoch(14,1),20)
Sell condtion: cross(80,stoch(14,1)) or When close cross the 90% of Buy price or the
90% price when Last buy signal generated.
I want your help to convert this conditon (When close cross the 90% of Buy price or the
90% price when Last buy signal generated ) into metastock code.
Regards,
(moneypick)
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 32
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Respected Wabbit,
Thanks for quick reply.
I create the metastock code for above condition with the help of your example:
------------------------------------------------------------------
N:=Cross(stoch(14,1),20);
X:=Cross(80,(Stoch(14,1));
StopLoss:=0.9; {percentage multiplier of the trade entry price}
Tr:=If(PREV=0,If(N,CLOSE, 0),If(X OR C<=PREV*StopLoss,0,PREV));
Tr;
---------------------------------------------------------------------------
Is it correct?
(moneypick)
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
|
moneypick wrote:Code:
N:=Cross(stoch(14,1),20);
X:=Cross(150,(Stoch(14,1));
StopLoss:=0.9; {percentage multiplier of the trade entry price}
Tr:=If(PREV=0,If(N,CLOSE,0),If(X OR C<=PREV*StopLoss,0,PREV));
Tr;
Check your X condition, but the rest looks OK for what you are trying to achieve. Are the results as you expect?
I don't think having a fixed 10 percent below the entry price is going to do you any favours? I prefer some sort of trailing stop.
wabbit [:D]
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 10/29/2004(UTC)
Posts: 32
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Thanks Wabbit for your kind help.
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Need help to convert sell condition into Metastock Code
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