In this formula, BuyPrice is the close on the date BuyTrigger exceeds your threshold. If you are in a trade and have just received a sell signal, BuyPrice is redefined as a negative, and System Tester is told to close your long position. If you are not currently in a trade, BuyPrice is assigned a zero value and System Tester is told to watch for a new long entry.

The system is a trend follower that appears to get you in at the early in a trend. If the trend breaks down for any reason, the system seems to take you out with relatively little pain, and there is a relatively high percentage of losing trades (usually around 50%). Therefore, the system seems to perform best on issues that are prone to make prolonged moves. The trick is to find those issues. I do admit that the system is not perfect; for instance, it is my belief that the exit could be improved on winners to preserve more profit.

Breakout Range2 by Mark Vakkur

Breakout & Breakin Signals by Jose Silva

Stocks&Commodities' articles-writer John Forman published his Volatility Analysing & Trading - strategies for Trend and Range Trading, the Volatile and Non Volatile Markets - in the March 98-No.10-p.17 issue of TAM, Dutch TA-magazine, by Tripple Assets NL, Maastricht - the Netherlands.

Sell the opening days after the BB Histogram penetrates 100 and buy when it penetrates zero. Add to positions when the BB Histo leaves "above 100" or "below zero" and then "repenetrates" the trigger levels.

The basic idea behind a MetaStock binary wave is to use "if" statements on several MetaStock indicators and have them return plus one for a bullish indication, minus one for a bearish indication, and zero for a neutral condition. Then you add them all up for your binary wave indicator. I decided to format all my indicators so they could be plotted as a histogram. For these indicators plotting as histograms, positive is bullish and negative is bearish. To cut down on whipsaws, I decided that over +5 would be bullish, under -13 would be bearish and anything in between would be neutral.

Bianchi Approach

The April issue of Tech Analysis of Stocks and Commodities (TASC) had a long article starting on page 22 that appears to use a Channel Breakout System. There are many charts indicating what the system looks like. Did Metastock publish anything in the "Traders Tips" section of TASC about how to program it? Here are two out of three indicators that Futures magazine published in the March 98 issue, page 46, that are used with the DBS system. The first one is just an extension of the code listed above. The second one uses the same code but is shortened.

AT3 by Steve Burns