<< What I am looking for is a tester that will trigger entry/exit points based on a specific price only if that price is touched. >>
Hi Debra,
Not sure if this will help, but here goes.
I sometimes use Metastock's explorer to test for profitability of a concept.
For example, I use the FILTER to set the entry criteria, say to see the effect of an opening gap
O > 1.03*Ref(C,-1)
I then use the columns to report max profit or loss, say ColA to see what the percent profit would be if I bought a the open and sold at the high of the day.
((H-O)*100)/O
You can also enter If statements within explorer to see the profit, if and only if a certain price is met.
You can scan for a specific date in the past and report maximum profit the next day, the day after, etc by using Ref(C,-1), etc to base your entry on an earlier date, and the columns on later dates. HHV and LLV can be used to give maximum profit over several days at a time, as well as the maximum loss over the period.
By setting the date of the scan in explorer, you can then back up the scan a day at a time to get more results.
John
PS - I believe that you can do similar tests in QP 2.0 by reporting the profit info as several calculated output entries.
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