Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/27/2006(UTC)
Posts: 135
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There are entry strategies which utilize buying at price beside OHLC. However metastock does not seems to cater to testing these entry methods. Wonder if anyone has a probable solution.
One entry method is to buy at bar high + 1 point.
For example, today bar has a buy setup.
If tommorrow price open below today high, buy at high + 1 point.
If tommorrow price open above today high, buy at open.
Flexi
Using ms8 and tradesim 4
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 7/12/2007(UTC)
Posts: 134
Location: Perth Western Australia
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Flexi,
Assuming you are writing the code for back testing in TradeSim then try something along these lines.
Entry Trigger:=Ref(BuySetup,-1); {"BuySetup" = the rules and filters that must be satisfied for the system to give a buy signal}
EntryPrice:= If (OPEN<=Ref(HIGH,-1),Ref(HIGH,-1)+0.01,OPEN);
This code is written on the basis that the “BuySetup” happened yesterday and this is the buy instruction for today.
oztrader
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 5/27/2006(UTC)
Posts: 135
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Hi oztrader,
Tradesim allow buying at H+1 but the software does not cater to optimisation. Pefer to implement the Ref(H,-1)+1 in MS system tester. MS8 allow OHLC but not variable price entry. Does v9 or v10 allow this? Or a custom code is possible to buy Ref(H,-1)+1?
Tks.
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Rank: Advanced Member
Groups: Registered, Registered Users, Unverified Users
Joined: 7/12/2007(UTC)
Posts: 134
Location: Perth Western Australia
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Hi Flexi,
I had a look at the v9 manual and it would appear to have the same constraints as v8.
Best of luck with the optimising.
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