Guide to MetaStock Power Tools for Beginners

This force may be in your hands ... This manual is a set of useful step-by-step instructions on how to use the most powerful features MetaStock; experts, research and testing systems.
Content
Introduction
Welcome
For whom is this manual?
How to Use this Guide
Getting Help
Chapter One - What is technical analysis?
Introduction
Fundamentals of technical analysis
Chapter Two - Introduction to MetaStock and MetaStock Performance Systems Systems
Introduction
MetaStock
High system MetaStock Performance Systems
What system should I use?
Comparison of tests of
Chapter Three - Using tools MetaStock Power Tools
Introduction
Opening Graphics
Custom Indicators
Advanced Systems Tester
Researcher
Expert Advisor
Basic Principles of Trade
Disclaimer
Chapter Four - Description of MetaStock Performance Systems
Introduction
Systems
Adaptive Moving Average
Bull / bear force 1
Bull / bear force 2
Bull / bear force 3
CCI (commodity channel index)
Predskazuyuschy Oscillator Chande
Turn CMO
Breakthrough of the consolidation
Model Cooper 1234
Cycle progression
Dynamic Momentum Index 1
Exponential Moving Average
Fractal trading systems 1 and 2
Sales of long positions, then a short sale - 5 days
MACD Charts 1 and 2
Perekuplennost / pereprodannost Mayzelsa
Sinus wave MESA
The system of trade pattern 1
Percentage crossing 3%
Projected oscillator 1
StochRSI
Index fluctuations
Vertical horizontal filter breakthrough volatility (Chaikin)


Introduction

Welcome

Your emotions hinder trade? Would you like to enhance their trading style of discipline? Would you like to automate their investment activities, using an embedded set of proven strategies to trade? And what you say about the guide, which explains all this in easy to understand format? It is intended for the MetaStock ®, MetaStock Performance Systems ™ and the guide.

We will show you how to quickly and easily using the most powerful functionality of MetaStock - Tools Power Tools. We also will introduce you to 26 out of 80 high-performance systems, MetaStock Performance Systems - collection of the best trading systems ever developed for MetaStock.

The core of this guide is a step-by-step instruction on how to use high-performance system MetaStock to find the best options for investment. This guide shows you step by step how to use each tool MetaStock Power Tools, to help in the selection of systems and transactions. You understand and begin to use trading systems almost lightning speed.

We take your time, only the most necessary for the start of trading instructions. This guide is not a complete guide to MetaStock (it can be retrieved using the background menu MetaStock Help). This is not a guide to the basics of MetaStock (see QuickStart training examples in the Help menu, MetaStock Help). This is not a course on how to trade. Yes and no thorough overview of technical analysis. This guide is a quick and easy way to feel the force of MetaStock. Where necessary, for additional information, you will be sent to other reference material.

For whom is this manual?

If you are familiar with the implementation of basic tasks in the MetaStock, this guide is for you. Under the basic tasks means opening schedules, creating files of securities, downloading data, the construction of indicators and driving tests and research systems. If you are not familiar with any of these problems, we strongly recommend that you read the Book «The first steps in MetaStock» before you start reading this material.

How to Use this Guide

Chapter One of this guide acquaints you with the technical analysis and describes the principal methods used in MetaStock to help you make better investment decisions. Later in this tutorial we will familiarize you with improved techniques and general understanding of technical analysis is very help.

In the second chapter explains what is unique and efficient system MetaStock MetaStock Performance Systems, and what they can do to improve your trading. This chapter also describes two approaches to the use of high-performance systems, MetaStock so that you can choose the most appropriate for your system.

Chapter three is a step-by-step tutorial for each of the tools MetaStock Power Tools, together with high system MetaStock Performance Systems. Here you will learn how to manage the true power of MetaStock.

Chapter four contains a description of each of the high-performance systems, MetaStock, and you can choose the one that best corresponds to the style of your trade.

At the left margin of this guide contains references to the file reference support MetaStock. The key word for search is allocated with a bold (as in the example on the left). To see your keyword, select the Help menu in MetaStock Help, and click on the Index. Then type in a keyword in the input data at the top of the dialogue.

Rather paragraph: Help MetaStock - keyword

Rather paragraph: Definitions of new terms are in the fields.

When the new terminology is the first time, its definition is printed in the margin.

Getting Help

If you have problems or questions, first of all refer to the system reference assistance MetaStock. It contains all that is in the printed version of the manual. In support, you'll find answers to most questions.

Each dialog has a button aid, which displays help for this dialog. Or you can click on the icon context-sensitive help, and then click on any point in the dialogues MetaStock, to get help on that item.

Rather paragraph: (a picture): The icon context-sensitive help

If you have searched through the system, but could not find a solution to your problem or answer to your question, please contact to obtain assistance from the seller, from whom you purchased MetaStock. If you bought directly from MetaStock Equis, you can to get help for MetaStock, contact technical support Equis. For information on how to contact technical support Equis Technical Support, written in the Technical Support section of Help MetaStock.

Rather paragraph: Help MetaStock - Technical Support

Chapter One - What is technical analysis?

Introduction

For some people, the technical analysis is something of a mystical art, divination related to the thick coffee. For others it is a valuable tool to increase the investment success while reducing risk.

Simply put, technical analysis is the study of past price and volume of trading in securities for the purpose of predicting the future. Technical analysis deals only with elements of the price (open, maximum, minimum, and closing) and the volume associated with the security, and ignores other factors such as profit, revenue growth, etc. Technical analysis can be applied to almost any investment instruments, including stocks, futures, options and mutual funds.

On the paragraph: The term security refers to shares, bonds, mutual funds, exchange goods, currencies, futures, indices, options, etc.

This chapter describes what is technical analysis, and why you should use it, and also introduces you to some basic concepts of technical analysis.

Why use technical analysis?

When using technical analysis can increase the profit from your investment while reducing your risk. Would you buy an old car, not knowing anything about his past history? Similarly, you should not buy a stock, do not know how to behave its prices in the past.

Technical analysis protects you from the biggest enemy of your investment success - your own. The use of a mechanical trading system removes emotions from trading. It makes you more disciplined trader. It eliminates the possibility that you zapanikuete in the most inopportune moment.



Fundamentals of technical analysis

This is a very simplified introduction to the basics of technical analysis. For more information on technical analysis can be found in the excellent book creator Steve MetaStock Achelisa (Steve Achelis) «Technical Analysis from A to Z» (Technical Analysis from A to Z.

Graphs

The underlying concept of technical analysis is the schedule. This is where technical analysis of the case. The chart shows in graphic form, the history of the trading of the securities. The most common schedule of technical analysis is a «bar graph». Bar shows the opening price, the maximum, minimum, and closing during the period. Consider, for example, the following illustration. The volume is usually displayed below the price bars.

Rather paragraph: Open - the first price auction over the period.

Maximum - the highest price bid that took place during the period.

Minimum - the lowest bid price that occurred during the period.

The closure - the last price of trades during the period.

Volume - the number of shares purchased / sold during the period.

Period - a period of one bar (eg, minute, hour, day, week, month).

Axis X - the scale of dates along the schedule.

Axis Y - the scale of prices along the side graphics.

The base graphics (also called the axis X) indicates the date. On the right side of the graph (also called the axis of Y) are shown in the price.

Bar graph is the most commonly accepted type of schedule, but in MetaStock are also other forms of graphs. For example, you can build a closing price of the line. It is also a good schedule, if you want to just throw a quick glance at the general behavior of prices over a long period.

Support and resistance

The prices of securities represent the balance between buyers and sellers. When the price falls to a point where buyers are much more than sellers, prices stop falling, and you get the level of support. When prices are rising to the point where the market is a lot of sellers, prices stop rising, and you get the level of resistance.

The following illustration shows MedImmune and the level of support at U.S. $ 44

When the action moves between the support and resistance, their behavior is called the «cyclic». Indicators developed for such behavior can also be referred to as cyclical indicators, or indicators perekuplennosti / pereprodannosti or turn indicators. Cyclical indicators work best when the shares are trading corridor. The most well-known cyclical indicator is probably the stochastic oscillator (Stochastic Oscillator). More information on indicators is written on page 6.

On the paragraph: Perekuplennaya (overbought) security risen to excessive levels, and it is correct. Resold to (oversold) security is its antithesis.

Trade Corridor, or the range of (trading range) is a lateral movement of prices on the graph and is often a period of respite before prices resume their previous trend.

In trading on the levels of support and resistance levels are encouraged to wait for confirmation, rather than trying to anticipate the prices. In other words, wait until prices fall to support and not otskochat it (confirmation) before opening a long transaction, and vice versa for short transactions.

Trends

The opposite action, caught between support and resistance is the trend in action. Ascending trend is defined as more and more high minimums. Top-down trend is defined as more and more low records. The old adage «Trend - your friend» - is absolutely true. The following illustration shows a remarkable upward trend in Washington Mutual, once the price overflows the level of resistance.

Rather paragraph: Ascending trend (up-trend) is an increasingly high minimum bids.

Top-down trend (down-trend) is an increasing and lower maximum prices.

The indicators that follow the trend, you can also call «weaker» indicators, because their signals are not kept pace with price changes. The best way they work when securities move in a long-term trends. The most common indicator, following the trend is moving average (moving average).

Indicators

The indicator is simply a mathematical calculation applied to some or all the price fields and / or volume. LEDs can be built on schedule, providing thus a graphical representation of these calculations. Many of the high-performance systems, MetaStock Performance Systems are used in their calculations of the indicators (system, not using indicators, using the price figures).

Rather paragraph: Pricing figure (price pattern) is recognized by the price formation, which is expected to continue or change the trend.

Moving Average

One of the most common indicator is the moving average. Moving Average shows the average price for which the securities traded during the period of time. For example, a 5-day moving average is calculated by summing the closing prices over the past five days and dividing this amount by five, the average number is obtained. This moving average is called «easy» moving average, because it gives equal weight to each period. MetaStock includes six other versions of the rolling average, distributing the weight in different ways.

Rather paragraph: Moving average (moving average) is the average price at which securities traded during the period of time.

Moving Average represents the average price that investors were willing to pay per share for a specified period of time. This gives you a view of the crowd. The following illustration shows Microsoft and 25-day moving average. Please note that the purchase or sale price of the crossing points in the moving average is belated, but profitable entry points.

Rather paragraph: Help MetaStock - Moving Average

Moving averages are lagging indicators. Made of the signals appear after the price has changed its direction. On the other hand, the moving average is always ultimately take you to the right side of trend. Moving averages are best suited for securities that have strong trends.

Stochastic oscillator

Another popular indicator is the Stochastic oscillator. «Stochastics», as they are sometimes called, shows where the traded price on the recent range between maximum and minimum. For example, desyatiperiodichny Stochastics is the highest and the lowest price in the last ten days and see where in this range is the current price. The value 100 would indicate that the Stochastics are at the top (or 100%) 10-day range between the maximum and minimum, a value of 0 indicates that it is based on the range. The following illustration shows the Intel and the stochastic oscillator.

Rather paragraph: Stochastic oscillator (Stochastic Oscillator) calculates the price of relatively recent range between maximum and minimum.