Traders' Tips  |  NOV 1996

Traders' Tips

TRADERS’ TIPS Here is this month’s selection of Traders’ Tips, contributed by various developers of technical analysis software to help readers more easily implement some of the strategies presented. Internet users will also find these and past Traders’ Tips on our home page at http://www.traders.com. METASTOCK FOR WINDOWS To recreate the Pathfinder currency trading system (described in the October 1996 interview with Nelson Freeburg) in MetaStock for Windows, open two charts, one of the desired currency and the other of Treasury bonds. For this example, I used the Swiss franc. Choose Tile from the Window menu so both charts are visible. Drag the T-bonds price bar and drop it on the heading of the currency chart. Your currency chart should now have T-bonds plotted in the top inner window of the chart. Click on the T-bonds plot in the currency chart so it’s selected (that is, little squares appear on the price bars). You will need to select the T-bonds plot each time before running a system test. The selected plot tells the MetaStock System Tester what to use for ""P."" Next, choose System Tester from the Tools menu, and then New to create a new system. Enter the following system rules, stops and options and then run the test.

by Technical Analysis, Inc.