Help in making an Explorer

dexter30 · #1 3rd May 2007, 07:33 AM

SORRY MY MISTAKE - THIS IS NOT AN EXPLORER, BUT AN EXPERT

Dear friends,

I need some help to build an Expert in Metastock:

Buy Signal - I have already programmed this. Let´s call this condition XBUY.

Sell Signal - Let´s call it XSELL. It must obey either of the following conditions:
----
1. Price has gone down to 5% or less of the entry price.
OR
2. Price has risen to 5% or more of the entry price.
----

Obs.: IMPORTANT - there must not be simultaneous trades, that is, a buy signal must only appear after a sell signal that ends the prior trade. For each buy there must be only one sell and vice-versa.

Thanks in advance!

oxusmorouz · #2 3rd May 2007, 11:18 AM

Quote:

Originally Posted by dexter30

SORRY MY MISTAKE - THIS IS NOT AN EXPLORER, BUT AN EXPERT

Dear friends,

I need some help to build an Expert in Metastock:

Buy Signal - I have already programmed this. Let´s call this condition XBUY.

Sell Signal - Let´s call it XSELL. It must obey either of the following conditions:
----
1. Price has gone down to 5% or less of the entry price.
OR
2. Price has risen to 5% or more of the entry price.
----

Obs.: IMPORTANT - there must not be simultaneous trades, that is, a buy signal must only appear after a sell signal that ends the prior trade. For each buy there must be only one sell and vice-versa.

Thanks in advance!

Buy Rule:

Buy:= XBuy;
Sell1:= C < .95*Ref(C,-1) ;
Sell2:= C > 1.05*Ref(C,-1);
Sell:= Sell1 or Sell2;
Binary:= If(BarsSince(Buy) < BarsSince(Sell),1,0);

Binary > Ref(Binary,-1);

x--------------------------------------------------x
Sell rule:

Buy:= XBuy;
Sell1:= C < .95*Ref(C,-1) ;
Sell2:= C > 1.05*Ref(C,-1);
Sell:= Sell1 or Sell2;
Binary:= If(BarsSince(Buy) > BarsSince(Sell),1,0);

Binary > Ref(Binary,-1);

x--------------------------------------------------x

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