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.
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
When(Value2 > thresh*Value1)
Positions - Long and Short
Method - Points
Minimum Change - 15000
Periods - 10
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