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People avoid looking for good exits because exits do not give them control over the market. However, exits do control something. They control whether you make a profit or a loss, and they control just how big that profit or loss will be. Since they do so much, perhaps they are worthy of a lot more study on the part of most people.
Van K. Tharp
 
 
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Checks the %Profit Gained

Formula for: MetaStock

exploration


 

 

Views:  1538

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

Checks the %Profit Gained

Column A
Col Name: H1 %
Code: (Ref(HIGH,-9)-Ref(OPEN,-10))*100/Ref(OPEN,-10)
{%Gain 1 period after long entry}

Column B
Col Name: H2 %
Code: (Ref(HIGH,-8)-Ref(OPEN,-10))*100/Ref(OPEN,-10)
{%Gain 2 periods after long entry}

Column C
Col Name: H3 %
Code: (Ref(HIGH,-7)-Ref(OPEN,-10))*100/Ref(OPEN,-10)
{%Gain 3 periods after long entry}

Column D
Col Name: H4 %
Code: (Ref(HIGH,-6)-Ref(OPEN,-10))*100/Ref(OPEN,-10)
{%Gain 4 periods after long entry}

Column E
Col Name: H5 %
Code: (Ref(HIGH,-5)-Ref(OPEN,-10))*100/Ref(OPEN,-10)
{%Gain 5 periods after long entry}

Column F
Col Name: H10 %
Code: (H-Ref(OPEN,-10))*100/Ref(OPEN,-10)
{%Gain 10 periods after long entry ( the Exploration Date)}

Filter
Entry:= <myCondition1> and <myCondition2> and ..<myCondition10> ;
Ref(entry,-11)=1 {since we have entered long 10 periods ago, the signal has
been generated 11 periods ago}


 






Author: Spyros Raftopoulos
Source: http://purebytes.com/archives/metastock/

 

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