Article: Designing A Trading System In Metastock - Part 1
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Designing A Trading System In Metastock - Part 1
In this three article series, I`m going to guide you through the process I use to design a trading system using MetaStock. I?ll cover the four major components that every successful trading system has in common, and then I?ll show you how to code these components into the MetaStock program. Please note that this is by no means investment advice and any information I cover is purely for illustrative purposes.
I am a technical analyst by trade. It is my belief that all fundamental and economic influences on a stock price are taken into consideration by the market. Therefore, I focus my attention on price action. All my trading systems are based on this understanding of the market, and the rules of my systems are built to respond to price actions. In this article, I?ll cover th...
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