Please be aware that the MSST functions in do not use the
commission, interest, stop, etc. settings in MetaStock, but rather those
same settings in SpyGlass.
In almost every way, the MSST options are
designed to work exactly like the options in MetaStock (the differences
between MSST and MetaStock are noted in red
below).
Trade Price
Entry Price - Can enter on High, Low, Close, or the Next
Open. The Next Open setting behaves
differently than using a 1-period delay in MetaStock. In
MetaStock, a 1-period delay causes the system tester to ignore any
stops, exits, etc. on that day, which may cause a stop to be hit a day
late. The MSST treats the trade as happening on the signal day,
and will observe stops and exits on the following day. Exit
Price - Can exit on High, Low, Close, or the Next Open.
Commissions
Entry ($) - Commission amount, in dollars, to enter a
trade, whether a long or short trade. Exit ($) - -
Commission amount, in dollars, to exit a trade, whether a long or short
trade.
Stops
Exit at Stop Price if Possible - Will exit the position at the
stop price (e.g., 5% down from the entry price if you are using a 5% max
loss) if that price was available that period. If the stock gaps
above or below a stop price, the open price is taken. Maximum
Loss % - Will exit a position if the trade moves against you a
certain percentage. If the security moves the stop amount any time
during a trade, even if it closes above the stop, the stop will be
triggered. Profit Target % - Will exit a position if the trade
gains a certain percentage. If the security moves up to the stop
amount any time during a trade, even if it closes below the stop, the
stop will be triggered. Inactivity Stop - Exits a trade, no
matter what, after a set number of time periods. This
differs from MetaStock, which will ignore an inactivity stop as
long as the security moves a certain amount.
Equity
Initial Equity - The dollar
amount of equity at the beginning of a trade. This should be the
amount devoted to any one trade, not the total value of your trading
account. Interest Rate -
The interest your idle money will earn while not in a trade.
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