There are a lot of problems to solve with exits. If the worst case does not happen (i.e., so you don't get stopped out), then the job of your system is to allow you to make the most profit possible and give the least amount of it back. Only your exits do this!
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Finite Volume Elements (FVE) System

System for: MetaStock

Views: 1086

Added: February 07, 2007

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Tags: MetaStock, system

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Markos Katsanos' article "Detecting Breakouts" includes the MetaStock formula for the finite volume elements (FVE) indicator. However, Katsanos lists six methods of detecting a divergence between the FVE and price. Three of those were formula-based. As no actual buy or sell signals were included, these are provided as indicators only.

The article also described a system test using the linear regression slope method.

Code:

Finite Volume Elements (FVE) System - MS 8

Buy Order

pds:=22;
pds1:=35;
mf:=C-(H+L)/2+Typical()-Ref(Typical(),-1);
fve:=Sum(If(mf>0.3*C/100,+V, If(mf<-0.3*C/100, -V,0)),pds)/Mov(V,pds,S)/pds*100;
((If(LinRegSlope(fve,pds1)>0,1,-1)-
If(LinRegSlope(C,pds1)>0,1,-1))>0) and cross(fve,-5)

Sell Order

pds:=22;
pds1:=25;
mf:=C-(H+L)/2+Typical()-Ref(Typical(),-1);
fve:=Sum(If(mf>0.3*C/100,+V, If(mf<-0.3*C/100, -V,0)),pds)/Mov(V,pds,S)/pds*100;
LinRegSlope(fve,pds1)>0 OR
Simulation.CurrentPositionAge>=50

Author: Markos Katsanos
Source: http://www.traders.com

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