Article: Part 2: Designing A Trading System In Metastock
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Part 2: Designing A Trading System In Metastock
In Part 1 of Designing a Trading System in MetaStock, I had discussed the major components you needed to be able to track to create a mechanical entry system. These were measures of price, liquidity, trend, and volatility. The question now is, how do we code this into MetaStock?
First, let me offer you the most valuable piece of knowledge I have acquired over the years about MetaStock formula writing. This one secret will turn you into a MetaStock master. Do you think I know all of MetaStock`s hundreds of pre-programmed formula and propriety indicators? Well, I`m good, but I`m not that good.
When coding in MetaStock, the key to getting it ?right? is to write what it is you are trying to achieve ?down in English?. Once you`ve done this, it is easy to convert it...
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