Metastock system testing

This is a discussion on Metastock system testing within the Trading Software forums, part of the Commercial category; Is it possible to use SAR rather than a simple stop in a Metastock system test? I'm using 7.01, maybe ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Apr 23, 2001, 2:30pm   #1
 
5 Posts
Joined Jan 2001
Is it possible to use SAR rather than a simple stop in a Metastock system test? I'm using 7.01, maybe I need to upgrade?
zanshin is offline   Reply With Quote
Old Apr 23, 2001, 6:20pm   #2
 
darth trader's Avatar
Joined Feb 2001
I'm not a fan of the system tester but I think that you can enter a close condition (long or short) with the SAR function:

sar(0.02,0.2);

the parameters are those recommended by Wilder in his book New Concepts in Technical Trading Systems.

He strongly suggests that a value larger than 0.2 is not used.

Good luck.
__________________
no financial advice intended.

Darth.
darth trader is offline   Reply With Quote
Old Apr 23, 2001, 7:03pm   #3
 
5 Posts
Joined Jan 2001
zanshin started this thread Thanks, I've tried that, it's not quite what I'm looking for. I want to be able to stop and reverse anywhere where the system tester would ordinarily stop out, i.e. on a specific % or point loss, or break even or whatever, rather than on the value of the parabolic SAR indicator.

What are your reservations with the system tester? Testing in particular or just Metastock's implementation?
zanshin is offline   Reply With Quote
Old Apr 23, 2001, 7:30pm   #4
 
darth trader's Avatar
Joined Feb 2001
I think that you could "stop and reverse" at a specific % gain by coding

100 * (valuewhen(1,"entry condition goes here",
c) - c)/c;

if you see what I mean. There might be problems with certain entry conditions but the idea seems ok.

re: the system tester, it's just a personal preference to use the explorer. I think the system tester only works on one stock at a time and I prefer scanning the database for good setups.
__________________
no financial advice intended.

Darth.
darth trader is offline   Reply With Quote
Old Apr 26, 2001, 9:24pm   #5
Joined Nov 2000
I agree with Darth so far as the System Tester is concerned, and I only use it to indicate maximum profit/loss entry/exit points set against my charges and making allowance for the bid/offer price. This allows me to back test any indicators I use together with the Explorer in seeking opportunities.

Try the equis site for formulae in seeking what you are looking for, together with the links on the site.

Best wishes

John
Uncle is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Help required Back Testing with Enhanced System Tester Chorlton Trading Software 0 Nov 5, 2005 11:41pm
System testing - trade cost approximation? fundjunkie Trading Systems 7 Oct 7, 2005 8:46am
System Testing Help Required scpope Trading Software 3 Mar 17, 2004 1:44pm
Metastock System Testing Newbie Question Mik Trading Software 9 Nov 5, 2003 4:54pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)