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[EquisMetaStock Group] Re: Automate Exploration



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My experiences with intraday explorations of 5 and 10 minutes has been
poor because of the time it takes to run the explorations. If there
are only 30 symbols, it is feasible, but if there are a couple of
hundred, it is not. 

If I'm day trading, I open the charts of the stocks I am watching and
have the alert let me know if a buy signal appears on one of charts. 

On intraday intervals of say 5 minutes on 100 charts, by the time the
exploration is finished, I figure out which charts had a buy signal,
get them open, and then decide which trades to take, the game is over.

When I day trade, I look for the stocks with high volatility and a
wide ATR, before the market opens. I pick the ones I like and
concentrate only on those. Normally that is less than ten symbols. 

I can handle 10 open charts. Beyond that my focus drops off too much
to trade short time horizons. 

When I am realigning a portfolio, the way I am now, I set the charts
up on an EOD basis with a defined buy zone. I look at the charts
everyday to see which symbols are in the buy zone. The next day I use
intraday charts to find a good entry point on any of the EOD charts
that showed a buy zone signal. 

Different strategies for different folks. 

I remember reading a post on one of the sites a couple of years ago
about the code for a batch file scheduled runs of the explorer, but
unfortunately I don't remember where I saw it and I didn't copy it for
my code library. If you want repeated explorations, then that's
probably what you'll need. 

Maybe one of the code guys on here can help you with that. 

Super



--- In equismetastock@xxxxxxxxxxxxxxx, "Umesh Malhotra"
<mtranscriptionist@xxx> wrote:
>
> Hi!
> 
> Is there anyway the exploration process in metastock can be
automated to run after every specific period of time, viz. 5 minutes,
on intraday charts looking for buy/sell signals.
> 
> thanx
> 
> umesh
>



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