Trade Equity is a family of MetaStock formulas designed to display equity curves on any MetaStock chart, and provide the framework for running system tests across an entire database of stocks using the MetaStock Explorer utility.
Features
1. Drop-down indicators display equity curves without running the System Tester.
2. Can be used with intra-day, daily, weekly or monthly systems.
3. Intra-day prices can be executed using EOD (end-of-day) data. Some conditions are enforced.
4. Base indicators run on MS 6.52 and higher, and enhanced indicators run on MS 7.0 and higher.
5. Trade Equity code and support is free for private use.
6. Trade Equity code is open and it can be adapted by almost anyone with reasonable MFL skills.
7. 'Points Only' testing is optional with equal position size versions.
8. Position sizing by percentage is optional with equal position size versions.
9. Position sizing by ‘Number-of-Shares’ is optional with equal position size versions.
10. Externally generated entry-based exit stops can be used. See 'Trade Stop' for examples.
11. Fast execution of enhanced code with MS 7.0 and higher.
12. Percent commissions are possible with equal position size versions. Some code substitution is necessary.
13. Trades only start when both entry and exit signals are valid.
14. Elements of your trading system performance can be included in templates, smart charts or experts.
15. Version 4.2 has a linked module to allow the display of values other than the equity curve.