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Hi there
My first post here. Using Metastock 8 for about 5 years now
but till today never found this forum. Don’t have any experience with writing formula.
Only here found about pdf with formulas.
I have probably stupid question but don’t have answer :-(
I would like to test some moving averages crossover system with
stops in Enhanced System tester. So started with one that is by default there.
Long/buy to cover: Mov(C,opt1,E) > Mov(C,opt2,E)
Short/sell: Mov(C,opt1,E) < Mov(C,opt2,E)
When I put stops at for example 40 points. It closes
position when market goes against position for 40 points but it opens it on the
next bar if ema1>ema2 is still valid
What I would like to add is stop loss
in points. So when market drops/jumps certain amount of points to close
position and to WAIT for the next cross to enter next position.
I hope you know what I mean
Cheers and thanks for great forum
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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I avoid that by turning the indicator into a spike.
If variable a1=1 over several periods and I want the first a1=1 but not the others I code:
a2:=If((a1=1) and Ref(a1,-1)=0),1,0);
this turns a1 off after the first signal.
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