02 Oct 2016

MetaStock Formula For Turtle Trading System


Turtle trading is a most famous trading system; we typed a number of articles to provide the fundamental principles of turtle trading system. In this essay, i’ll supply several instances on the best way to use the turtle systems in your trading by utilizing MetaStock.

Probably one of the most commonly used resources for MetaStock may be the Explorer, with this particular tool dealers can filter out securities that don’t match any given requirements. The requirements is defined by composing MetaStock formula because the following instance.

In line with the turtle trading system, the smaller term entry system according to a 20-days breakout. Dealers can easily compose a formula for everyday maps as follow.

H > Ref(HHV(H, 20), -1) otherwise L < Ref(LLV(L, 20), -1);

H = These days’s large; L = These days’s low
HHV(H, 20) = Highest worth your large cost (H) has reached within the last 20 days.
LLV(L, 20) = cheapest worth your good deal (L) has reached within the last 20 times.
Ref(HHV(H, 20), -1) = the greatest large cost within the last 20 times make reference to yesterday.
Ref(LLV(L, 20), -1) = the cheapest good deal within the last 20 times make reference to yesterday.

If dealers wish a listing of securities that match the turtle exit system, 10-days low for very long opportunities and 10-days large for brief opportunities. The formula would be as follow.

L < Ref(LLV(L, 10), -1) otherwise H > Ref(HHV(H, 10), -1);

These are examples of how-to use trading systems by utilizing MetaStock formula. Form Explorer, dealers also can compose the formula in other resources eg Professional Advisor or Indicator Builder and.