Dramatic and emotional trading experiences tend to be negative. Pride is a great banana peel, as are hope, fear, and greed. My biggest slip-ups occurred shortly after I got emotionally involved with positions.
Ed Seykota

software zone

indicators, oscillators, formulas (1275)

systems (284)

Special offer: buy AmiBroker and EOD+Real-Time Data

Buy

MetaStock

(special offer)

Buy

EOD data for MetaStock

(special offer)

Buy

Realtime data for MetaStock

(special offer)

Formula Library

	AmiBroker
	MetaTrader
	MetaStock
	TradeStation
	Wealth-Lab
	NinjaTrader

add your formula

System Library

	AmiBroker
	MetaStock
	MetaTrader
	TradeStation
	Wealth-Lab
	NinjaTrader

add your system

Account login

New to s4t? Sign up.
If you forgot your password click here.

Search the Web

Custom Search

Volatility Breakout System - Returns Profit

Formula for: MetaStock

indicator

Views: 1676

Added: May 19, 2008

Rate this code:

This formula has not been rated yet

email this link

Tags: MetaStock, indicator

Your Ad Here

Then copy this crude code in:

Volatility Breakout System

Commission:=21; {for Buy+Sell+Stop}
TradeAmt:=10000;
Buy:=O+((Ref(H,-1)-Ref(C,-1))*.7);
Sell:=C;
Stop:=O;
Trade:= O < Ref(C,-1) AND H > Buy AND Ref(C,-1) < Ref(C,-2) AND
Ref(C,-2) < Ref(C,-3) AND Ref(C,-3) < Ref(C,-4);
{Trigger for Trade}
HitStop:= If(Trade AND Stop>=Sell,TRUE,FALSE); {Have we hit our Stop}
TradeSize:= TradeAmt/Buy;
Profit:=If(Trade,-Commission-TradeSize*Buy,0);{Purchase}
Profit:=If(HitStop=TRUE,{then}
Profit+Stop*TradeSize,
{else} If(Trade AND HitStop=FALSE, {then}
Profit+Sell*TradeSize,0)); {Sale}
Win:=If(Profit>0,1,0);
Loss:=If(Profit<0,1,0);
Cum(Profit)

The indicator charts your profit. You just have to set the first 6 variablesas per your system. The MS If structures are a pain and I'm sure there mustbe easier ways to do this. This is also my first attempt to prove if it works.

If you then create an Expert Advisor with the following in the Commentary definition, you'll get some summary statistics for the system.

Code:

Volatility Breakout System

Commission:=21; {for Buy+Sell+Stop}
TradeAmt:=10000;
Buy:=O+((Ref(H,-1)-Ref(C,-1))*.7);
Sell:=C;
Stop:=O;
Trade:= O < Ref(C,-1) AND H > Buy AND Ref(C,-1) < Ref(C,-2) AND
Ref(C,-2) < Ref(C,-3) AND Ref(C,-3) < Ref(C,-4);
{Trigger for Trade}
HitStop:= If(Trade AND Stop>=Sell,TRUE,FALSE); {Have we hit our Stop}
TradeSize:= TradeAmt/Buy;
Profit:=If(Trade,-Commission-TradeSize*Buy,0);{Purchase}
Profit:=If(HitStop=TRUE,{then}
Profit+Stop*TradeSize,
{else} If(Trade AND HitStop=FALSE, {then}
Profit+Sell*TradeSize,0)); {Sale}
Win:=If(Profit>0,1,0);
Loss:=If(Profit<0,1,0);
Cum(Profit)

Source: http://www.guppytraders.com

View similar (indicator for MetaStock):

True Strength Index III

True Strength Index

Relative Volatility Index

Candle - Harami - Bearish

Rapid RSI

A/D Line - Adaptative -> [%A/%U] - [%D/%U]

zLastSwingPoint %

Front Weighted 36 Day Moving Average

Relative Strength Index - Custom III

Dynamic Momentum Index
...

all formulas for MetaStock

all formulas

Email to friend

Top

However we try to maintain hiqhest possible level of service - most formulas, oscillators, indicators
and systems are submitted by anonymous users.
Therefore S4T™ does not take any responsibility for it's quality.
If you use any of this information, use it at your own risk. You are responsible for your own trading decisions.
Be sure to verify that any information you see on these pages is correct, and is applicable to your particular trade.
In no case will S4T™ be responsible for your trading gains or losses.