View Full Version : Entry rules formula
Roadster
22nd June 2004, 08:03 AM
Understand this is more of a MetaStock question but using the trial version of TS, and so a bit at sea and under time pressure... As in turtle system, how would you create the trades in the database for an entry subject to a previous event. ie enter trade on breakout other than if previous trade a winner or entry depends on crossing a MA#1 AND the subsequent crossing of another MA#2(without a reversal /cross of original MA#1), regardless of time period between these two events. Tried MS Alert function but battling - any assistance? Thanks
David Samborsky
23rd June 2004, 02:28 AM
I think this is one for Jose.
Jose
23rd June 2004, 03:50 AM
This is not a straight-forward task for MetaStock, Roadster.
The Entry conditions for the current event and the previous referenced Entry need to be two separate formulae, otherwise you'll get the dreaded circular reference error.
For the entry condition depending on a previous winning trade, it will need to reference an equity indicator that plots individual profits for each trade based on a separate entry formula. See Roy's Trade Equity indicators at
http://users.bigpond.com/prominex/pegasus.htm#roy
jose :-)
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