May 27

Welcome back!

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Apr 16

If you are new to MetaStock formula then this might seem complex or confusing but once you ‘get it’ you’ll understand why it’s used by so many professional traders.

The Highest Since function contains many parameters, and therefore may seem complex. Simply it returns the highest value of the selected `data array’ since the `N’th most recent occurrence of a defined expression was true. Additionally, with regards to the `x’th most recent occurrence, if the expression has occurred more than once, with this parameter it allows you to select which occurrence to use (e.g. the third most recent occurrence).

Equis MetaStock Syntax: HighestSince(Nth, Expression, Data Array)

Nth _ Is the number of occurrences, of the `expression’, you wish to refer back to when obtaining the highest value of the selected data array.

Expression _ The technical condition that you are referring back to.

Data Array _ The highest value of this data array is returned from the period that the `expression’ was true `Nth’ number of times ago.

Here’s how it works…

The formula below identifies when the closing price last crossed a 30 period exponential moving average, and from that period onwards, it has found the highest high value:

HighestSince(1,Cross(C,Mov(C,30,E)),H)

In the formula above:

Nth = 1

Expression = Cross(C,Mov(C,30,E))

Data Array = H

Here’s how you would use the formula in a more useful application of this example:

A more useful application of this example would be:

C>0.97*HighestSince(1,Cross(C,Mov(C,30,E)),H)

This formula identifies the highest value found after the closing price last crossed a 30 period exponential moving average. The formula has then taken 3% from this value (denoted by `0.97*’), and finally, checks whether or not the present closing price is above this. In other words, it checks whether the present closing price is within 3% of the highest value since the expression occurred.

This article is one of 50+ MetaStock functions explained in the MetaStock Programming Study Guide. A MetaStock Download is also available. You’ll discover the simple secret to make an easy Equis MetaStock System.

Learn more from this video:

Apr 16

The Bars Since function is quite self explanatory but is a fundamental feature of MetaStock Professional; it allows you to count back the number of periods since an expression last occurred. When coded, this function returns the number of periods (be it days, weeks, months etc. depending on the periodicity set) since the expression last occurred. Note that the terms `bars’ and `periods’ are interchangeable.

MetaStock Syntax: BarsSince(Expression)

Expression _ The technical condition that you are going back through the MetaStock Data to search for. When found, MetaStock will count the number of bars since it last occurred.

Here’s an example of how you could use this formula.

The following formula specifies the number of bars since the closing price crossed with a 30 period weighted moving average. Now before you are overwhelmed by this formula, take note that we haven’t yet introduced the cross function. Therefore, just understand that the Bars Since function counts the number of periods since this expression last occurred.

BarsSince(Cross(C,Mov(C,30,W)))

In the formula above:

Expression = Cross(C,Mov(C,30,W))

Here’s how you would use the formula in a more useful application of this example:

A more useful application of this example could be:

BarsSince(Cross(C,Mov(C,30,W)))<=5

This formula specifies the number of bars (eg. days) since the closing price last crossed with a 30 period weighted moving average. We then instructed MetaStock to check whether this number was equal to or less than 5, and if so, provide us a positive return.

This formula could produce a positive return even if the closing price had since crossed back below the moving average. All we specified was that it had to have crossed the moving average within the last 5 periods. A useful conditional statement to add to this could check whether or not the closing price was still presently above the moving average; and if it were, to then count the number of bars since that last occurred. Using an `IF’ statement (refer to page 26), we could amend the formula to:

If(C>Mov(C,30,W),BarsSince(Cross(C,Mov(C,30,W))),0)

With the new additions, we’ve specified that if the closing price is not above the 30 period weighted moving average (denoted by `If(C>Mov(C,30,W)’ ), then MetaStock will return a value of zero. Conversely, if it is above the moving average, MetaStock will count the number of bars since the closing price last crossed with the moving average and return that value.

If you are new to MetaStock formula then this might seem complex or confusing but once you ‘get it’ you’ll understand why it’s used by so many trading professionals.

For more MetaStock lessons watch this vid:

Apr 2

A bankruptcy auction is unwanted incident in the life of any business, but sometimes, it can be inevitable. In most cases, it is helpful in liquidating assets and settling oustanding debts. A bankruptcy liquidation auction, should be marketed thus to individuals and groups. If the auction house is incapable of promoting the event, the debts of the company may not be resolved timely. People who are known to attend auction houses should be notified promptly. Air mails are excellent communication tools; however, communicating through phone or the web is also highly efficient.

Mar 29

Most people who want to start a career in day trading, or simply learn it as a hobby always concentrate on the entries. “If I can just figure out the perfect entry, making money will be a piece of cake.” It always looks easy in hindsight - you enter at price X, but then the stock moves against you, and you see obviously you should have waited for Y to happen etc. This leads you down the path to try to perfect your entry for day trading. So you buy some books, take some seminars, look for the perfect “indicators” to help you in your goal of perfection (or at least as close as you can get to it). The entry actually has only a small amount to do with whether you actually are profitable or not - most of it is money management coupled with trading skills learned over time.

A first thing you need to consider when day trading is the relative volatility of the stock - the higher the volatility, the higher the odds are you will not be that great on the entry. No matter how good you are, the more crazy a stock is the easier it will have to move against you. This is not always a bad thing, it just makes you have to average into the position when day trading. So you take your position size you want, and if the stock is too volatile, look at a 5 min intra-day chart and eyeball how much it can move in 10 minutes high to low. If this number is above 2-3%, odds are you should consider averaging in. All this means is you do a partial fill where you think you should be long or short, then plan on adding the rest of the position at a more favorable price. If the stock happens to move immediately in your favor, you ride what you have and take the money - that is just how it goes.

The second thing most people do wrong when day trading, is they figure out how much they want to make on a trade, and how much it might move. They then use this dollar gain they expect to size the position. This is 100% wrong. You cannot control how much a stock goes up (or down if short). The only exact control you have is RISK - meaning your stop point. The stock might go up 0.10, might go up 10.00. The only control you have is where you cut off your loss. This is where you size your position from, not a fantasy about how much money you want to make. Its all about how much will I lose if I am dead wrong? This number should normally not be more than about 2% of your account size, most people try to keep it lower than that if they can. So figure out where your stop would be, figure out how many points that is, then figure out how much 2% max of your account is, then do the math and you have your position size.

Mar 25

Going to a bankruptcy auction could allow you to get assets at low prices. However, in terms of attending UK bankruptcy auctions, you should make a few background reviews first. It is important that you check on the reputability of the auction house before making any bids. You should be able to establish positively that only capable individuals are holding the actual auction. These people should be capable of showing the lowest bids for each of the assets. The auction house also needs to take care of the property transfer and to process the payments in a prompt manner.

Mar 18

There are a few things which help you determine whether a company is headed for a bankruptcy auction or not. With the intention of paying the debtors of the company, a bankruptcy auction sale is often seen as a justifiable resort. Among the signs is when your business is unable to meet its fiscal obligations. Your business may not be able to make the payments for the right taxes. Should the total company assets become inadequate for the settlement of debts, you might start considering an auction sale. If your creditors have started to file cases against your business, an auction is a recommended resort.

Mar 18

For sure, a lot of people today, especially stocks trading investors are already familiar with Day Trading Robot, a new technologically wherein a newsletter is provided that gives a list of stock piles where an investor can have an idea on where to put his money in the right places and prevent financial downfall. But many of them, although already have this idea, are still very skeptical about it and according to them, it’s best to go to any Day Trading Robot review first to get to know more about and these reviews can only say one thing: more and more people are now striking it rich because of Day Trading Robot.

Mar 13

Many people have acquired discounted properties and assets after sharing in an auction for bankruptcy. The primary objective of this type of auction is asset liquidation, so that all the creditors will be repaid by the debtor. When it comes to participating in a bankruptcy auction however, you have to be aware of several conditions. It is essential that you provide a proof of identity and residence verification, especially if you are the winning bidder. For identity proofs, you may present a current passport or tax papers. Utility bills within the required period can function as a confirmation for residential address.

Mar 9

Stock trading sure is a very lucrative money-making machine but on the other hand, it can also rear its ugly financial head and will shatter you into millions of tiny pieces all over the sidewalk if you’re not that “keen” enough. Keen to foresee how things can run in the near future with regards to stock trading. Every stock trader knows that being in stock trading can either make you a millionaire overnight or it can break you but there is a way to avoid this. Just say that it can’t prevent you from losing but it will surely soften the impact of a great financial loss and it’s called Day Trading Robot. You can read first a Day Trading Robot review, if you want to know how this can help you with your finances in stock trading.

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