Comments for MetaStock Trading System

Comment on MetaStock Tutorial 5 : Writing Formula for MetaStock Explorations by Taro

Taro — Sat, 14 Nov 2009 05:01:49 +0000

Hi VIGNESH,

Finding exit points is is the hardest aspect of trading.

No one can specify what is the best method for exit.
It depends on your mind and your method.

According to your example,
if you buy @ 101 in MACD buy signal, you might exit when the same MACD give you a sell signal.
Furthermore you might use EMA and channel in finding the better exits.

Comment on MetaStock Tutorial 5 : Writing Formula for MetaStock Explorations by VIGNESH R

VIGNESH R — Tue, 10 Nov 2009 20:01:38 +0000

I WANT TO GET TARGET IN METASTOCK FOR EXAMPLE IF I BUY @ 101 IN MACD BUY SIGNAL WERE I WANT TO EXIT

Comment on MetaStock Tutorial 6 : More on MetaStock Explorations Formula by Sandeep

Sandeep — Sun, 08 Nov 2009 17:58:19 +0000

Thanks for shearing good information

Please elaborate more……..

~Sandeep

Comment on MetaStock Tutorial 5 : Writing Formula for MetaStock Explorations by Taro

Taro — Mon, 28 Sep 2009 13:38:51 +0000

Hi Ali,

Do you want the formula in MetaStock or Meta Trader?
According to your question, I guess that you are trading forex.

So, I think that your are using Meta Trader instead of MetaStock right?
Please let me know if I misunderstand.

Comment on MetaStock Tutorial 5 : Writing Formula for MetaStock Explorations by ali nojo

ali nojo — Sun, 20 Sep 2009 19:02:37 +0000

do you know how to write the formula for metastock for example when there is a bulish candle stick buy at the open of next bar stop would be at the open of bulish candle and 2 target of 10 pips and 20 pips.is it also possible to move to breakeven when we hit the first target?
thanks

Comment on Introduction to Pyramid Trading System by Taro

Taro — Wed, 16 Sep 2009 01:54:31 +0000

Hi Barry,

Thanks for your comment and sorry for my wrongly posted.
I have not reviewed it as well as I should. The posted was edited as your comment.

By the way I’m very glad that readers give me feedback.

Comment on Introduction to Pyramid Trading System by Barry

Barry — Tue, 15 Sep 2009 18:04:38 +0000

Article says: “Now traders have 3 contracts, 1 bought @100, 1 @ 120 and 1 bought @ 140. All of them have their stop at 120.

At this point the risk is 0%. If the contract price falls below the stop, all position will be closed. Traders will gain 20 from the first position and 20 from the second position but lose 20 from the last position. This makes 20 for traders as profit.”

This is wrong. With stop at 120, you’d have +20 profit on first, 0 zero profit on 2nd, and -20 loss on third. Gross profit is 0, not +20.

Thanks for correcting this.

Comment on Scale Trading System by Taro

Taro — Fri, 28 Aug 2009 00:37:30 +0000

Hi,

Thanks for your visiting.

Currently, I have problems with my laptop.
Unfortunately, the MetaStock and its data are lost.
I’m trying to recover them.

As for the articles, I’m going to write about swing trading system soon!

Taro

Comment on Scale Trading System by Suraj Singhj

Suraj Singhj — Thu, 27 Aug 2009 06:17:04 +0000

Dear sir,
I am a indexfuture trader of Indian stock market (NSE INDIA)
I use meta stock software for trading of local vender I want to make my won trading system for swing trading .
I would be king enough if you guid me for this
thanking you
Suraj Singh