It's not necessarily Henry Brookins' exit. It was my interpretation of what he said at TAINJ, but someone else said that this is actually what Henry said: ( c<mov(c,9,e) and
ref(c,-1)<ref(mov(c,9,e),-1)
Henry doesn't use either exit with DNNS, of course, because he doesn't use DNNS. But you can try both, and see which you prefer. Web added DNS to the second one, so the whole thing is:
( c<mov(c,9,e) and
ref(c,-1)<ref(mov(c,9,e),-1) ) AND
fml("Dave's New System") < 4
As for the parentheses in (Mov(C,9,E)<Mov(C,21,E)) AND (Ref(Mov(C,9,E),-2)>Ref(Mov(C,21,E),-2)), they don't make any difference, at least in WOW.
And on this: Fml("MACD(8/17/9)")<0 AND Fml("StochRSI(14)")<70 AND SAR(.02,.2)>C AND
LinRegSlope(SAR(.02,.2),3)<0
That's a Metastock translation of my translation of short-term exits suggested by Dave Evans at TAINJ. For some reason, we found that it doesn't work that well. It's too literal a translation of what Dave said. He said basically to look at MACD, StocRSI and SAR. He didn't provide formulas, or put the whole thing into a system as he did with DNS. His system is a good one, but the literal translation doesn't do that well in system tests. His system works better if you eyeball the indicators and use some discretion. The DNNS binary indicator seems to do OK in system tests, but not with literal formulations of his suggested exits, unfortunately. I did put them into formulas, in an attempt to make a system out of what he ssid, but I realized at the end that the system couldn't really capture the spirit of his step-by-step system. Try plotting all the indicators in his system in one chart and seeing how they work together. Look for StochRSI rising over 30 and all the other indicators meeting Dave's criteria. |
