Trading Strategies from Active Trader Magazine

PGO System

This system requires MetaStock 8.0 or later to set the correct trade size. To create this system:

• 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:
  
  pgo:=(C-Mov(C,30,S))/Mov(ATR(1),30,E);cross(pgo,3)
  
  
• Set the enter size dropdown to "Number of Units"
• Click the italics f to the right of the space for the entry size
• In the window that appears, enter the following formula:
  
  equity:=Simulation.AccountCash+Simulation.AccountBorrowed+
  
  Simulation.PortfolioValue+Simulation.AccountReserved;
  
  
  (equity*.02)/(c-mov(c,30,s))
  
  
• Select the Sell Order tab and enter this formula:
  
  pgo:=(C-Mov(C,30,S))/Mov(ATR(1),30,E);cross(0,pgo)
  
  
• Select the Sell Short Order tab and enter the following formula:
  
  pgo:=(C-Mov(C,30,S))/Mov(ATR(1),30,E);cross(-3,pgo)
  
  
• Set the enter size dropdown to "Number of Units"
• Click the italics f to the right of the space for the entry size
• In the window that appears, enter the following formula:
  
  equity:=Simulation.AccountCash+Simulation.AccountBorrowed+
  
  Simulation.PortfolioValue+Simulation.AccountReserved;
  
  (equity*.02)/(mov(c,30,s)-c)
  
  
• Select the Buy to Cover Order tab and enter this formula:
  
  pgo:=(C-Mov(C,30,S))/Mov(ATR(1),30,E);cross(pgo,0)