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Joe
I noticed this problem as well. I was hoping that
by adding the 50dma to the 70dma it would eliminate this problem. I might have
to add a 5 day minimum or something. I don't mind tweaking or manually
overriding this. System trading usually leaves you holding the bag at one point
or an another!
Martin BlainBurlington Ontario
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Joe J.
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Tuesday, March 16, 2004 6:31
PM
Subject: RE: [Metastockusers] Re: Weekend
Analysis 07 Mar 04
<FONT face=Arial color=#0000ff
size=2>Martin,
<FONT face=Arial color=#0000ff
size=2>
I
went ahead and ran this on the S&P 100 stocks and I noticed that your exit
is probably going to cause you some problems. First, when you do get a
run in your direction, you end up giving a good chunk of the profits back as
the stock falls back down. Second, you can have an entry where the
stock is above the 70 day ema by a slight bit and then have a lower close that
is perfectly normal within a couple of days (not even taking out the pullback
low) and you'll trigger an exit.
<FONT face=Arial color=#0000ff
size=2>
I
would suggest you try other exits.
<FONT face=Arial color=#0000ff
size=2>
Good
Trading,
<FONT face=Arial color=#0000ff
size=2>
Joe
J.
<FONT face=Tahoma
size=2>-----Original Message-----<FONT
face=Arial color=#0000ff>
<FONT face=Tahoma
size=2>From: Joe J.
Sent: Tuesday, March 16, 2004 3:57 PMTo:
Metastockusers@xxxxxxxxxxxxxxxSubject: RE: [Metastockusers] Re:
Weekend Analysis 07 Mar 04
<FONT face=Arial color=#0000ff
size=2>Martin,
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>I've taken what Preston suggested and built two indicators in the
custom indicator section as follows:
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>-----------------------------------------
<FONT face=Arial color=#0000ff
size=2>
<SPAN
class=215244122-16032004>{This
identifies the candle pattern on which to go long}
<FONT face=Arial color=#0000ff
size=2>CandLong:=If(Hammer() OR BullHaramiCross() OR LongLowerShadow() OR
RisingWindow()OR 3WhiteSoldiers() OR
EngulfingBull(),1,0);
<FONT face=Arial color=#0000ff
size=2>CandLong;
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>-----------------------------------------
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>{This identifies the setup that you are looking for when the
CandLong signal is generated}
<FONT face=Arial color=#0000ff
size=2>Setup:=If(CLOSE < Mov(C,20,E)ANDCLOSE >
Mov(C,70,E)ANDMov(C,20,E) >
Mov(C,50,E)ANDRSI(21)<50ANDCCI(7)<100,1,0);
<FONT face=Arial color=#0000ff
size=2>Setup;
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>---------------------------------------
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Plot these two indicators on your chart separately (you could do them
together but this seemed more useful). Plot them as histograms.
When they are both showing 1's, you have a valid long signal. This
seems to be working since I only have one entry signal for the SPY (see
chart attached) since about mid-2000.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>You can easily convert these into signals within the system tester,
the explorer or create an expert for it. As always, make sure you
are loading enough data to fuel the computations
accurately.
<FONT face=Arial color=#0000ff
size=2>Good Trading,
<FONT face=Arial color=#0000ff
size=2>Joe J.
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>
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