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Strategies & Market Trends : Metastock 6.0 for Window -- Ignore unavailable to you. Want to Upgrade?

To: Lenny Rosow who wrote (3750)	1/11/2001 10:21:26 PM
From: Lee Lichterman III	Respond to of 4056

I thought about it a bit more and if you put in a OR statement then your exit parameter via points, I think it might be possible afterall. I was thinking the stop screen when I repsonded before. As you suggested, you might be able to program in an exit based on a value -1 argument. I looked through my program and found a "Stop Loss Arguement" and two other "Stop Loss" Items in the custom INdicator part of the "Functions" tab. I have no idea what they do and I am short on time tonight but you may want to explore those and see what they do. You may be able to come up with something like, (Stop Loss Function),-1 to tell it to exit the next day when your stop loss tolerance has been met. Have fun, My personal experience with the system tester is as soon as I invoke a stop loss into the test, it stops me out too fast no matter how loose I make it. When I look back at the results, I either get stop everytime I am doing OK or if I leave it off, I am left in when I know I would have exited. I can never get the tester to give me realistic results. My best test came out great but left me in some nasty situations I would have never rode out but then came back huge with a 93% win ratio but it had me in a loser for a looooong time for a significant drawdown. That is the system I use now for real but it trades a lot different than the test showed. Good Luck, Lee