Metastock System Tester - ELB Software



Metastock System Tester Example

( Leland Brode – Metastock User Group Meeting – August 5th, 2003 )

My Moving Average Crossover System

Buy rules:

Close above 7 bar Mov Ave

7 bar Mov Ave less than 17 bar Mov Ave

7 bar Mov Ave is turning up

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Sell Rules:

Price touches top Bollinger Band

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Sell Stop:

Sell if down 10 cents

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Results

Don’t take this one to the bank!

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This is what we want…

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These sales were stopped out…

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Modified Buy Signal

Make sure the 17 bar Moving Average is going sideways or up.

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We still get caught with bad buys…

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Optimize the Moving Average Crossover value:

Close cross 3, or 4, or … or 10 bar Moving Average

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Moving Average of 3 worked best…

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The best from the optimizations…

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Downloading Intraday Data for System Testing…

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Leland Brode method…

Intraday data:

Create a folder for local data –

In Metastock, click File | Open, then click on the “Local Data” button. You should be in the “MetaStock Data” folder. Right mouse click and select “New”, then “Folder” from the pop-up menu. I created a folder called “Downloaded”, then within that created folders “Daily” and “Intraday”..

Click on the new folder to open it. Then click “Tools” from the menu bar of the open dialog box and select “New Local Security” and add the stocks you want.

The Download does not download intraday data so there are a couple of extra steps to get your live intraday data from Metastock into your Local Data folder.

Open the desired stock in “live” mode with the periodicity you want ( 3 minute, or 5 minute, etc.). You can control how much data is loaded by right mouse clicking on the data/time line below the volume bars, and select “X- Axis Properties” from the pop-up menu. Here you can set how far back to load data. When you have the chart you want, select it with the mouse, then select “Edit” | “Copy”. Now you can Paste the stock data into an Excel spreadsheet, and save is with the name of your stock so you can find it again. Repeat this for each intraday stock you want.

Now go to the Downloader, and select “Tools” | “Convert”. Here you specify your “source” type as Excel, and your destination as Metastock. Use the source Browse button to find and select all of your intraday spreadsheets. Use the destination Browse button to find your Intraday folder in the Metastock Data folder. Click the Options button to tell whether you want to create a new security file or append on to the already existing file. Click OK and let the Downloader convert your data into the Local Data folder. You will be prompted to enter a Symbol for each security as it converts.

Your intraday data is now available for local system testing.

John Teles method…

Intraday data:

- in the MetaStock Data folder, I go into the DataOnDemand Cache folder and delete all of the files

- in the MetaStock Data folder, I create a brand new folder, call it "Intraday History"

- I then launch MetaStock Real Time & load the equities that I'm interested in. When loading the equities, under the File/Open/Options (top right), select Load Options. Click the radio button "Prompt For Date." After you enter the equity symbol and click on the Open button, you will asked for the first & last date of interest. Enter a date that goes as far back as possible & the last date = today.

- Once the charts are loaded, exit MetaStock.

- at this point you now have the Intraday data for the equities you've selected stored in DataOnDemand Cache folder.

- the very first time you do this & only the first time you do this, copy all of the files from the DataOnDemand Cache folder into the Intraday History folder

- everytime thereafter, open The Downloader

- Tools/Merge

- the "source folder" (top left) needs to be set to the DataOnDemand Cache folder

- the "destination folder" (top right) needs to be set to the Intraday History folder

- select (highlight) the very first security in the source folder box, say CSCO

- highlight CSCO in the destination folder box

- you now see the "merge" button on the bottom light up

- click on "merge"

- The Downloader will then move all of the new data from the Cache folder to the Intraday History folder for CSCO

- repeat this process for all other equities

- you can now reference all securities within the Intraday History folder

Daily data:

Create a folder for local data using the same method described above for intraday..

Since the Downloader will download daily data the method is straightforward.

In the Downloader – select the “Tools” menu, and then “Download Price”. Find the Metastock Data folder you just created, and “Add” it, then select the “Securities” tab to make sure your stocks are there. Then download.

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