Hi Metastock Users:

I was hoping someone can give me some suggestions to add a filter screen in Exploration. Currently when I run my Exploration it produces a large list daily.

Here is the Exploration Formula:

Col A: Fml("s sb")=1 AND Ref(Fml("s sb"),-1)=0

Col B: Fml("s ss")=1 AND Ref(Fml("s ss"),-1)=0

Col C: CLOSE

Col D: VOLUME

Col E: (VOLUME/(Mov(VOLUME,90,S)) * 100)

Filter: colA OR colB AND colC >5 AND
VOLUME > 50000 AND H>Ref(HHV(H,250),-1) AND
HHV(H,250)>2*LLV(L,250)

The Rules to use the Signals for Optimum profits:

When the system is running on your portfolio of stocks and /or commodities you will see up and down arrows, denoting buy and sell points. Do you notice how it captures some of the great moves in these stocks/commodities?

Have you noticed how there are many arrows bunched together during a churning or choppy market? This can result in many small losses. We have developed two methods to reduce (not eliminate) these losses.

1. Place a 20 d.e.m.a moving average over your chart.

Now we only class buy arrows valid IF the price bar’s high is above the 20 d.e.m.a and sell arrows are only valid IF the occur BELOW the 20 d.e.m.a. This will eliminate many of the “false” trading signals.

2. When presented with a buy arrow that is above the 20 d.e.m.a, place your buy stop order a fraction above that price bar. We are talking about 0.1 above the high for stocks and three ticks for commodities.

Now what does happen, quite often, is when a valid buy arrow is shown you will place your buy order before the market opens with your broker but you will not be filled. This is fine as long as reverse arrow is not shown keep the order in for one more day.

If you are not filled on your position on the second day then cancel your order and look for a new trade.

Looking forward to any suggestions or comments>

Nasdaqtrader

Hi Nasdaq. allow me to have a go at that exploration of yours.

1. when I tried to run it, it told me that the formula in colA & colB doesn't exist. so I went & deleted both columns (actually you don't ever delete, you put it into brackets like this { } where it will be ignored but it's there for future reference.

2. you also don't need columns D & E, because there is no ref to them in the filter.

3. you do want to see the price, so I left colC intact.

4. I left out the item C>5 - I mean why should the stocks be >$5? I doubt that such was your intention. although if you are dealing on the NY market, perhaps it is.

5. what is the filter going to look like now?

VOLUME >200000 AND H>Ref(HHV(H,250),-1) AND
HHV(H,250)>2*LLV(L,250)

that's all that's left of it. notice I changed the volume to >200000, because 50K is too skimpy for my liking (again, unless NY market). ran the exploration & would you believe, it came up with no more than ten stocks, all of them real goers! here is a list of them, these are stocks on the ASX:

ADY AGM DYE GUL HWI NGF PNA TFE VRE YGLO

6. the remainder of your post seems to refer to some Expert or other, so I won't try to comment on it here. but your exploration has definitely got something going for it. one will have to give it more thought. like, study the mathematics of it which so far I haven't had time to to.

7. you better do as Wabbit says: Read your users manual & the Formula Primer!!

best of luck.