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There are many different classifications of exits other than your initial stop loss. These include exits that produce a loss but reduce your initial risk, exits that maximize profits, and exits that keep you from giving back too much money, and psychological exits.
Van K. Tharp
 
 
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Boomers Buy & Sell

Formula for: MetaStock

exploration


 

 

Views:  1691

Added: March 13, 2007
 
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Tags: MetaStock, exploration
 
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Code:

Boomers Buy & Sell

A:
Close

B:
{Signal Buy=-1,Sell=1}
If(ADX(14)>30 and PDI(14)>MDI(14),-1,If(ADX(14)>30
and PDI(14)<MDI(14),1,0))

C:
{setup}Ref(H,-2)>=Ref(H,-1) and Ref(H,-1)>=H
and Ref(L,-2)<=Ref(L,-1) and Ref(L,-1)<=L

D:
{Entry}If(ADX(14)>30 and PDI(14)>MDI(14)
and Ref(H,-2)>=Ref(H,-1) and Ref(H,-1)>=H
and Ref(L,-2)<=Ref(L,-1) and Ref(L,-1)<=L,HHV(H,3)+.125,IF(ADX(14)>30
and PDI(14)<MDI(14) and Ref(H,-2)>=Ref(H,-1) and Ref(H,-1)>=H
and Ref(L,-2)<=Ref(L,-1) and Ref(L,-1)<=L,LLV(L,3)-.125,0))

E:
{Stop}If(ADX(14)>30 and PDI(14)>MDI(14)
and Ref(H,-2)>=Ref(H,-1) and Ref(H,-1)>=H and
Ref(L,-2)<=Ref(L,-1) and Ref(L,-1)<=L,LLV(L,3)-.125,IF(ADX(14)>30
and PDI(14)<MDI(14) and Ref(H,-2)>=Ref(H,-1) and Ref(H,-1)>=H
and Ref(L,-2)<=Ref(L,-1) and Ref(L,-1)<=L,HHV(H,3)+.125,0))

F:
ADX(14){Higher the better}

Filter:
ColB and ColC


 





Source: http://purebytes.com/archives/metastock/

 

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