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Hi Preston and all,
thanks for your courtesy suggestions.
I will start to concentrate.
Thanks also for your formula and insights.
Anyway my problem to code the trading system is still open.
Would anybody help me to code them as below ?
Thanks to all : Mar
----- Original Message -----
From: <sentto-5219951-28974-1239051960-dixit=myrealbox.com@xxxxxxxxxxxxxxxxxxxxxxxx>
To: <equismetastock@xxxxxxxxxxxxxxx>
Sent: Monday, April 06, 2009 11:05 PM
Subject: Re: [EquisMetaStock Group] Explorer and System code help
| Dixit,
|
| Life is complicated enough by itself. It seems to me that you are trying to complicate it even more so by using two software systems.
| My suggestion would be to concentrate on the AB system since you are using it to trade by.
|
| That being said, if you must use the two systems then isolate the signals you wish to get from Metastock. The %K is the oscillator or index value of the Stochastic. The %D is its smoothed value. The index values range from 0 to 100. Usually a buy signal occurs when the index is in the oversold range...less than 20 and the %K crosses above the %D.
|
| The Stochastic set at default value is a short term indicator. Here are some calculations/formulas:
|
| The following formula calculates a 5-period %K Stochastic Oscillator with 3-period slowing:
| (sum( C - llv(L,5), 3 ) / sum(hhv(H,5) - llv(L,5), 3) ) * 100
| This next formula calculates a 3-period %D of the %K in the preceding formula.
| mov( stoch(5,3), 3, S )
|
|
| In Metastock you could look for a longer term bullish or bearish trend. You could do this by affirming a close that is greater or less than a moving average. Trend traders use lookback periods of 200 for the moving average. Since you are daytrading a much shorter period could be used. You could also use a longer term stochastic.
|
| Realize also that there is another popular stochastic indicator which is called the Stochastic Momentum Oscillator. The Stochastic Momentum Index (SMI) was developed by William Blau. It incorporates an interesting twist on the popular Stochastic Oscillator. While the Stochastic Oscillator provides you with a value showing the distance the current close is relative to the recent x-period high/low range, the SMI shows you where the close is relative to the midpoint of the recent x-period high/low range. The result is an oscillator that ranges between +/- 100 and is a bit less erratic than an equal period Stochastic Oscillator.
|
| The SMI was introduced in the January 1993 issue of Technical Analysis of Stocks & Commodities magazine. The calculation for it is:
| The following formula calculates a 13,25,2 Stochastic Momentum Index.
| 100 * ( Mov( Mov(C - (0.5 * ( HHV(H,13) + LLV(L,13))),25,E),2,E) / (0.5*Mov( Mov( HHV(H,13) - LLV(L,13),25,E),2,E)))
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| Use Metastock to satisfy your longterm goal and AB to help with your short term goal.
|
| Hope this hepls,
|
|
| Preston
|
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|
| --- In equismetastock@xxxxxxxxxxxxxxx, "dixit" <dixit@xxx> wrote:
| >
| > Hi Preston,
| >
| > I use MS Eod to search next day imbalances, then I use AB for daytrading.
| > In this Group I would code the idea below for MS Eod.
| >
| > Thanks : Mar
| >
| >
| > ----- Original Message -----
| > From: <sentto-5219951-28966-1238933024-dixit=myrealbox.com@xxx>
| > To: <equismetastock@xxxxxxxxxxxxxxx>
| > Sent: Sunday, April 05, 2009 2:03 PM
| > Subject: Re: [EquisMetaStock Group] Explorer and System code help
| >
| >
| > | Dixit,
| > |
| > | Can you tell us if you are day trading or EOD trading?
| > |
| > | As far as the coding goes...look at the systems that are already provided for you by Equis in the software.
| > |
| > | Preston
| > |
| > |
| > |
| > | --- In equismetastock@xxxxxxxxxxxxxxx, "dixit" <dixit@> wrote:
| > | >
| > | > Hi all,
| > | >
| > | > I would try this basic system.
| > | > When StochK cross above StochD, I get a Buy signal.
| > | > When it happens, on the bar chart I note the High price of the bar (entry price).
| > | > I enter a Long position at the Open price of the actual bar, when the last bar Close is above the High price of the bar when StochD crossed above.
| > | > I exit the Long position when the StochK cross above StochD.
| > | >
| > | > When StochK cross above StochD, I get a Sell signal. When it happens, on the bar chart I note the Low price of the bar (entry price).
| > | > I enter a Short position at the Open price of the actual bar, when the last bar Close is below the Low price of the bar when StochK crossed above.
| > | > I exit the Short position when StochD cross above StochK.
| > | >
| > | > I would help to code this system in MS Eod Explorer and System Tester. Please keep it simple.
| > | >
| > | > Thanks to all.
| >
|
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