[Metastockusers] A Little Twist On The MS v7 System Tester

[Kevin <kevin_barry@xxxxxxxxxxxxxx>]

There has been some recent discussion about the relative system testing
merits of MS v8 and TradeSim. A lot of traders might have neither but
would still like to test swing-type strategies in MS v7.2 and below with
all of its limitations. Here is how to do it.

Here is a typical swing trade setup in the system tester:

Enter Long:

Ref(H,-3) < Ref(H,-4) AND
Ref(H,-2) < Ref(H,-3) AND 
Ref(H,-1) < Ref(H,-2) AND
Ref(L,-3) < Ref(L,-4) AND 
Ref(L,-2) < Ref(L,-3) AND 
Ref(L,-1) < Ref(L,-2) 
AND
H > Ref(H,-1)
AND
Mov(C,20,E) > Mov(C,50,E)

(Here, we are trading a pullback in a rising trend)

Typically, we would have been lowering our limit buy order each day to a
point or so above the previous day's high in order to catch the
(inevitable) reversal of the pullback.

Modify the entry signal thus:

Ref(
Ref(H,-3) < Ref(H,-4) AND
Ref(H,-2) < Ref(H,-3) AND 
Ref(H,-1) < Ref(H,-2) AND
Ref(L,-3) < Ref(L,-4) AND 
Ref(L,-2) < Ref(L,-3) AND 
Ref(L,-1) < Ref(L,-2) 
AND
H > Ref(H,-1)
AND
Mov(C,20,E) > Mov(C,50,E)
,+1)

.....and in System Testing Options, set the entry price to High with
a delay of zero.

When you run your test, you will enter your long trade at the previous
day's high. A minor inconvenience is that the long entry signal on your
chart will appear one day earlier than the actual trade.

Regards,
Kevin












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