Hi guys.

Iv recently bought metastock version 9 and I have a system in mind but no idea how to code it.

What im looking for is to BUY the next days open when a stock closes on an all time high.

Initial stop of 10% from the purchase price.

Trailing exit to sell on the next days open if it closes below the 200dma (of the closes).

Money management is 10% of initial capital. So for example, if we start with 100k, first parcel is 10k, second parcel is 9k, third parcel 8.1k.

So maximum loss is any case will be 1%.

Is this a better idea for position sizing you think compared to 10k fixed dollar size units?

Does it sound like a good system??

Any help here would be much appreciated.

Regards,

Nizar

Hi Nizar,

Entrycode:=C>Ref(Highest(C),-1);
Exitcode:=Cross(Mov(C,200,E),C);
status:=BarsSince(Entrycode)<BarsSince(Exitcode);

status:= ExtFml( "Forum.Latch",Entrycode ,Exitcode ,0 ,0 );

If(status=1 AND Ref(status,-1)=0,1,If(status=0 AND Ref(status,-1)=1,2,0)) {this will plot 1 on Entry signal and 2 on Exit signal}

The code above does not include stop loss of 10% under entry price and i have replaced dema with a simple moving average...if u ask me, actually if one makes a test will see that it really does not matter if dema, ema, simple, tema, moing averages are used but everyone is free to complicate things as much as he/she likes.

10k fixed dollar units will always give less smaller returns with smaller drawdowns than 10% of availiable capital and thats all. the choice is yours

If its a good system or not u will see by testing it

Cheers,,

PP

www.draculasystems.com