Trading Strategies from Active Trader Magazine

Glitch Index

This system requires MetaStock 8.0 or later to limit the order size to the suggested 6% of equity. To enter the formula into MetaStock:

  • Select the Enhanced System tester from the Tools menu
  • Click New
  • Enter the name of the system
  • Select the Buy Order tab and enter the following formula:

    sma:=Mov(C,30,S);
    rocsma:=(ROC(sma,1,$)*0.1)+1;
    smamult:=sma*rocsma;
    diff:=C-smamult;
    gi:=(diff/C)*100;
    hhv(gi,30)<=5 and cross(-2,gi)

  • Set the enter size dropdown to "% of available equity"
  • Enter a 6 in the space to the right of the entry size
  • Select the Sell order tab and enter this formula:

    sma:=Mov(C,30,S);
    rocsma:=(ROC(sma,1,$)*0.1)+1;
    smamult:=sma*rocsma;
    diff:=C-smamult;
    gi:=(diff/C)*100;
    cross(gi,2)