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#1
23rd March 2008, 02:05 PM
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When to Exit Shorts?( Using RMO in Metastock)
I am using the EOD version of Metastock 10
When RMO is negative and Red Bar and Red Sell arrow is formed ;you go short ( sell a scrip) . Afterwards ;when should one Buy and close shorts? I understand the Exit Swing signal is used to exit . Once the Bar crosses above blue line in exit swing signal ; one has to buy and thus close short positions when price rises following day. Hope i am right? But here I find that in many cases the downward journey contnues ; eg:-(Reliance Energy) soon and you have to be satisfied with a small profit . If you hold on to the short postion ; you gain substantially more So is it wise to use the Exit Swing signal? In short ; what is to be done? 
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#2
23rd March 2008, 06:30 PM
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Re: When to Exit Shorts?( Using RMO in Metastock)
rkpo,
RMO or in that matter any set up has got its advantage & disadvantage.Twaek it as per your observation & need.In this case you can Liquidate some % of your Shorts as per the Set Up & then with the balance trail with a suitable Stop Loss. Asish
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#3
30th March 2008, 12:22 AM
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Re: When to Exit Shorts?( Using RMO in Metastock)
the RMO video is there in equis website..if mr ashish were to educate us how to tweak the rmo we wud be grateful... do u practically use the indicator in your trades.
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