Traders' Tips | FEB 1999
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 some previous Traders’ Tips on our home page at http://www.Traders.com. ✦ METASTOCK In “Trading Stocks With A Cyclical System,” Jeffrey Owen Katz and Donna McCormick introduce a system based on stock cycles. In MetaStock 6.5 or higher, you can easily recreate this system. With MetaStock running, choose System Tester from the Tools menu, click on the New button and enter the following formulas: <BLOCKQUOTE><PRE> Enter Long thresh:= 4; k:= 3; m:= 63; Value1:= Stdev(Ref(ROC(C,k,$),-m),20); Value2:= Ref(ROC(C,k,$),-m); When(Value2 > thresh*Value1) Enter Short thresh:= 4; k:= 3; m:= 63; Value1:= Stdev(Ref(ROC(C,k,$),-m),20); Value2:= Ref(ROC(C,k,$),-m); When(Value2 <-thresh*Value1) Stops Inactivity<BLOCKQUOTE> Positions - Long and Short Method - Points Minimum Change - 15000 Periods - 10</BLOCKQUOTE></PRE></BLOCKQUOTE> After entering the formulas, click OK, then click on Options. On the Testing page, set the Trade Delay to zero, set Positions to “both,” then set any other desired options. Click OK to save the changes, then open a chart and run the system. —Allan J. McNichol, EQUIS International 800 882-3040, 801 265-8886 http://www.equis.com
by Technical Analysis, Inc.
Technical Analysis of STOCKS & COMMODITIES
The Traders’ Magazine since 1982
has had over 1,226,237 subscribers from 174 different countries.
37,000 Page Traders’ Archive for $89.99
To continue reading, sign-up for trial access to Traders.com and the S&C Archive — 37,000 pages of trading ideas!
After verifying your email address, you will have limited access to the S&C Archive, as well as access to a Digital Edition of S&C, and access to Traders.com Advantage and Working Money for 30 days.
Not a subscriber to Technical Analysis of
STOCKS & COMMODITIES magazine?
Click
here to subscribe, or request
a trial subscription.
Log-in now to view articles from the S&C Archive.
Your Subscriber ID is located at the top of your magazine label, highlighted here in red.
Your last name can be found on the second line, highlighted here in blue.
*If you have a company name on the label, that can also be used. It will appear below your name on the label.
If you do not have a Subscriber ID on your label, you can find it on your statement or renewal form.
For help locating your Subscriber ID number, please call us at 1-800-832-4642 or send an email to Survey@Traders.com. If sending an email, please include your name and mailing address.