Online Trading IndexEverything You Need to Know for Smart Trading

If you are new to MetaStock formula then this might seem complex or confusing but once you ‘get it’ you’ll understand why it’s used by so many professional traders.

The Highest Since function contains many parameters, and therefore may seem complex. Simply it returns the highest value of the selected `data array’ since the `N’th most recent occurrence of a defined expression was true. Additionally, with regards to the `x’th most recent occurrence, if the expression has occurred more than once, with this parameter it allows you to select which occurrence to use (e.g. the third most recent occurrence).

Equis MetaStock Syntax: HighestSince(Nth, Expression, Data Array)

Nth _ Is the number of occurrences, of the `expression’, you wish to refer back to when obtaining the highest value of the selected data array.

Expression _ The technical condition that you are referring back to.

Data Array _ The highest value of this data array is returned from the period that the `expression’ was true `Nth’ number of times ago.

Here’s how it works…

The formula below identifies when the closing price last crossed a 30 period exponential moving average, and from that period onwards, it has found the highest high value:

HighestSince(1,Cross(C,Mov(C,30,E)),H)

In the formula above:

Nth = 1

Expression = Cross(C,Mov(C,30,E))

Data Array = H

Here’s how you would use the formula in a more useful application of this example:

A more useful application of this example would be:

C>0.97*HighestSince(1,Cross(C,Mov(C,30,E)),H)

This formula identifies the highest value found after the closing price last crossed a 30 period exponential moving average. The formula has then taken 3% from this value (denoted by `0.97*’), and finally, checks whether or not the present closing price is above this. In other words, it checks whether the present closing price is within 3% of the highest value since the expression occurred.

This article is one of 50+ MetaStock functions explained in the MetaStock Programming Study Guide. A MetaStock Download is also available. You’ll discover the simple secret to make an easy Equis MetaStock System.

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Day trading has survived the market because it has proven itself to be lucrative and appealing to people who want to engage in another type of business.
With products like day-trayding-robot day trading is becoming more accessible to average stock traders like you and me.

Here are some of its benefits:

Return Per Day

There is money in trading, this is the very reason why many people quit their jobs and focus their resources on this business. However, not everyone can make money all the time. There are winning streaks and losing streaks in this business and sometimes losing is inevitable. However, we can’t discount the fact that there are big time turnovers when all the necessary attributes of day trading are met.

On the average, daily income could go anywhere from $100 to $1000.

But those who are more skillful and have a lot more experiences in this business are more likely to have higher income than novices.

It must be noted though that there are several expenses that a trader should attend to like commissions and additional payments for the brokers.

Freedom from office work

Trading gives a person the chance to be free from dull office work, work politics and demanding bosses since a trader works like a freelancer.
Plus it also gives the flexibility of time. A day trader could choose the schedule of work. He could choose to start trading at the beginning of the day or during off hours. However, he must also understand that he will answer to all his decisions. If he did not trade today, it means that he has no income. But doing what you want to do in your own time is often a good price to pay.

No Overnight Risk

As a day trader you only keep positions until the end of the day. Never keep anything over night no matter how good it looks like. It is good to remember that this trade is basically squaring all transactions at the day’s end. This means that no one holds any positions after all the trades are closed. Software can help you minimize the risks even further - one example is the day trading robot software.

Immediate feedback

It is a fast-paced business- you automatically know whether you earn or lose with your current trade giving you enough time to make up some solutions whenever needed.

Control of decisions

The traders are their own brokers, they decide on when to enter a trade or exit it, they assess the trends, and they make their decisions on whether to buy a trade or sell it. In short, no one tells them what to do and no one comments on whether they have committed a wrong decision or not. This structure is very advantageous for people who prefer working alone and without people to tell them what to do and how to do it.

Have a look at our review of day trading robot to see the real benefits of this wonderful trading software.

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Most searchers Google “Day Trading Robot review” because they have visited the Day Trading Robot website, read the Day Trading Robot sales page, and are seeking some kind of independent verification of the merits (or otherwise) of Day Trading Robot.

The average person reading the Day Trading Robot sales letter on the Day Trading Robot website has little or no understanding of the inner working of the stock market, and the fundamentals of technical trading, which is the basis of Day Trading Robot.

Day Trading Robot is in essence a software program for technical analysis of stocks. Any decent Day Trading Robot review will discuss the process fo technical analysis and how it is used in technical trading, because without this information, the reader cannot make an informed decision about whether Day Trading Robot is right for them.

Technical analysis refers to the process of looking for patterns in the movment of share prices. Technical trading ignores the so-called “fundamentals” of share value, such as price-to-earnings ratio and debt-to-equity ratio, in favour of looking for the “resistance points” at various places on the share value graph.

For example, Day Trading Robot may detect a pattern of a particular share reaching a value of, say, 25c, only to lose a few cents almost immediately. This suggests that there are quite a few people who consider the share overpriced at that point, and sell it off. Day Trading Robot builds up a picture of dozens and dozens of these patterns, and uses that information to make predictions about share price movements in the future.

The average Day Trading Robot review will not mention this type of technical information, because the average writer of a Day Trading Robot review will not have the vaguest clue about how it actually works. What is the point of writing a Day Trading Robot review, you might wonder, when you have absolutely no knowledge or qualifications on which to draw?

Because when you buy Day Trading Robot, these folk will get a commission check, that’s why.

The average Day Trading Robot review will be riddled with spelling and grammatical errors, contain no new information beyond the sales letter, involve no original thought, and add no value. There is the occasional Day Trading Robot review with a bit of brains behind it, and those are the hen’s teeth you need to find.

If you are looking for a Day Trading Robot Review that actually contains something of value, check out this Day Trading Robot Review on Hubpages.

There is also a multi-part Day Trading Robot Review at Squidoo, which contains links to other Day Trading Robot reviews that have something worthwhile to say.

And finally, a pointed Day Trading Robot Review from a blogger with a jaundiced view of the whole industry.

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