Rank: Member
Groups: Registered, Registered Users Joined: 6/18/2009(UTC) Posts: 15
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Hello,
I am new to MetaStock and I don't know how to create a backtesting script....It consists of 2 moving averages cross over, one stop loss and one profit stop. Can someone please help me develop a back testing script as per below?
Entry:
Long-MA(fast) crosses above MA(medium) & close price above MA(slow).Open on the next bar at market open..
Short-MA(fast) crosses below MA(medium) & close price below MA(slow). Open on the next bar at market open.
Exit:
Long - MA(fast) crosses below EMA(medium). Exit on the next bar at market open.
Short- MA(fast) crosses above EMA(medium).Exit on the next bar at market open.
I need to be able to set up the values for all 3 moving averages (ie 10 bars, 30 bars, 200 bars)
Stop loss:
Long- N x ATR(X) below entry price
Short-N x ATR(X) above entry price
ATR is calculated on entry signal day (1 bar before entry).
Profit stop:
Long- M x ATR(X) above entry price.
Short- M x ATR (X) below entry price
ATR is calculated on entry signal day (1 bar before entry).
I need to be able to set up values M, N and X. M & N multipliers containing 2 decimal points. X is a whole number determining the period over which the ATR is calculated (ie if N =2 & X = 20, that means I need the value for 2xATR(20), or 2x ATR over 20 bars.
Time stop: close position K bars after open – using the open price on the Kth bar after entry.
I need to be able to set up the number K – a whole number.
Regards Damien
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