Recent content by rnr

Hi Meanreversion, I have just re-visited your posts #3 & #4 and run a quick simulation on the EST to understand the points you were making. My knowledge of the EST is very basic as I use TradeSim for back-testing purposes but it didn't take long to see the problem to which you refer. Perhaps...

I may well be way off course with this response as I don't have a Pro FX version of MetaStock and also do not use the EST but try coding the Stop Level and use a Strategic Delay of 1 bar as this may help.

Would something like the example below work (assuming an initial Buy Long)? Initial Stop:= your code for the Initial Stop; Profit Stop:= your code for the Profit Stop; LOW<=(Initial Stop OR Profit Stop)

Try coding your exit conditions under the Sell tab (assuming a Buy Long was taken initially) and leave everything blank under the Stops tab.

If you are referring to the Buy & Sell Orders in the Enhanced System Tester you would be better off following manatraders recommendation. Under the Buy Order tab put in your code to go long and viceversa for your Sell Order. To get an idea of what is expected have a look through the code etc...

manatrader, your comments are spot on as the If function is definately not a requirement for initiating a Buy or Sell Order in the Enhanced System Tester.:whistling

Buy := your code for condition A; Sell := your code for condition B; X := your code for X; If(X,Buy,Sell) {reads as if X, is true then Buy, is false then sell}

OK, although we have deviated from the initial question about one specifically built indicator ranging from Trade Long to Trade Short we have now got a couple of binary waves to consider. Lets look at the next step. buy order a:= If(Ref(ROC(C,3,%) > Mov(ROC(C,3,%), 8,S),-1) AND ROC(C,3,%) >...

The framework for the code is: indicator1 := If(ROC indicator condition,1,-1); indicator2 := If(%R indicator condition,1,-1); indicator3 := If(STOCH indicator condition,1,-1); indicator4 := If(another indicator condition,1,-1); indicator5 := If(another indicator condition,1,-1); indicator1...

Perhaps if you post your code for say the five indicators as mentioned earlier so that we can see where your heading?:idea: Try and use an indicator from each different group if possible as suggested in the previous post.

{anything in these brackets is ignored by MetaStock and purely treated as a comment} Hence { condition 1} could also read {indicator 1} or alternatively just delete them.

I doubt that it would work as a trade short/trade long indicator but people do use Binary Waves as an indicator to enter trades although perhaps not based on indicators alone. Why not try coding an indicator as you've suggested using say 5 indicators to start? {My New Indicator} a :=...

Hello CJ, When dealing with stocks the data for each bar only contains price (Open, High, Low and Close) and volume so therefore every indicator is based on either price, volume or price & volume + time.:| Understanding how an indicator is calculated will determine whether the system you are...

Hi CJ, As previously mentioned my knowledge of the System Tester is very limited but like any product there is a considerable learning curve involved before you reap the full benefit. Trading Resources Enjoy the journey,:thumbsup: rnr

Hi C.J., Take a look at the first line of code for each of the Buy Order, Sell Order, Sell Short Order and the Buy to Cover Order in the MACD System Tester and you will notice that there are only 2 different codes over the four order types:- "Buy Order" is the same as "Buy to Cover Order" and...