Metastock 6.0 for Window Message Board

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Strategies & Market Trends : Metastock 6.0 for Window

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To: The Jedi who wrote (1403)	1/7/1998 6:58:00 PM
From: Richard Estes	Read Replies (1) of 4056

Many of the Smart Street setups can't be mechanized. Nothing pops up in my mind now, except you could make a expert to color bars red that hit 20 day lows and and blue if a high use candlesticks to see reversal. How would this test if they could be mechanized, not very well. Note the authors only follow about 30 stocks. They rarely have a set exit except sell if you are losing. Taking profits is a feeling thing based on watching real time patterns and etc. A tick for stocks is usually .13, 5/8 of a point is hard to give up. Like most books, it is directed towards futures, and that is where ticks apply.

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