MetaStock Tutorial 6 : More on MetaStock Explorations Formula
July 27, 2009
To build a MetaStock Exploration, traders are able to use built-in functions in MetaStock. Over 190 MetaStock functions can be listed for traders, the selected function can be inserted directly into the exploration. Read more
3 Basic Money Management Strategies
July 23, 2009
Psychology, Trading Tactics and Money Management are the 3 essential skills for successful trading.
These skills can be learned but most traders tend to overlook the Money Management skills in trading.
A good way to start learning the skills to manage money is getting to know the 3 basic strategies of Money Management.
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MetaStock Tutorial 5 : Writing Formula for MetaStock Explorations
July 18, 2009
In addition to searching stocks by using the existing MetaStock Explorarations, traders can also build their own Explorations by writing MetaStock Formula.
Let’s suppose that traders want to find all stocks that their 3 days moving average has just crossed above their 10 days moving average. Traders might build the MetaStock Explorations as the following steps.
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MetaStock Tutorial 4 : Searching stocks by using MetaStock Explorations
July 16, 2009
The Explorer is a tool provided by MetaStock Software. It allows traders to search for all stocks which meeting particular criteria. For example, traders can generate a list of all stocks that their 3 days moving average has just crossed above their 10 days moving average.
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How to Design A MetaStock Trading System?
July 13, 2009
Before designing and developing a successful trading system, traders must understand the base theory of Efficient Market Hypothesis (EMH). The current market price of traded assets (e.g., stocks, bonds, or property) already reflect all fundamental and economic influences and known information.
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Why Money Management is important in Trading?
July 11, 2009
Successful trading consists of three factors:
- Psychology 50%
- Money Management 30%
- Market Analysis and Trading Systems 20%
Most of traders spend most of their time looking for good trades and only focus in the last factor, Market Analysis and Trading Systems, which is the least influence on successful trading.
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MetaStock Tutorial 3 : Creating and Using A Layout
July 6, 2009
A layout in MetaStock is a way of displaying a selected number of charts, with attached indicators, in a single screen.
The layout can be saved then the same combination of charts can be opened again just by selecting the desired layout.
The layout advantage is that stocks can be selected from multiple directories and displayed on the same page.
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MetaStock Tutorial 2 : Creating and Applying Chart Template
July 2, 2009
In MetaStock, there are some ready-to-use templates available but traders might like to create a new template with a particular style and display combination of indicators to apply to others stock charts.
To create a new template just follow the steps in Changing the Default MetaStock Chart Template Tutorial except the last step which is Save as Default Template.
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