![]() ![]() Users can create various types of customs formula. Three Programming Language Components in Metastock Formula It is almost similar to the excel trading system code. The system depends on the language, once you become a master in it, you will become an expert on it. By using own criteria, one can utilize the power to customize the trading system. Metastock users can get enough flexibility. For around 30 years, the software is running successfully all over the globe. Anyone can get access to its customizable option. We have already discussed the special feature of Metastock that one can create a buy-sell code according to a personal analytical view. How to design one of the best Metastock Trading System? ![]() Now, come to the Metastock Formula which is attached below: Metastock Formula for Stop LossĪfter opening Metastock, put the formula described below. Trailing SL can be used in stocks, options, futures exchange. Therefore, it considers more flexible in comparison to fixed SL. By placing Trailing SL, your SL will be adjusted automatically. The advantage of the order is you don’t have to monitor the market and price fluctuation often. Trailing Sl goes ups and down automatically according to the movement of the selected stock by a particular number of ticks. Now, the question is what is meant by it. ![]() Trailing stop loss comes under BO (Bracket Order). In this type, there is no fear of canceling orders. When the price hits the trigger, an order will automatically be executed. Here, you get only the trigger price option. Market stop-loss order or SL M is quite different from limit SL. The only drawback of limit SL is if the price doesn’t hit the SL limit, an order may get canceled. As before hitting the SL price, the trigger becomes activated, trigger price always comes first. In the stop-loss limit order, there are two sections available, price and trigger price. There are Market SL, Limit SL, and Trailing SL which are described below: Limit SL In order to stop the excessive loss, traders can apply various types of SL orders. Stop-Loss in other words terms as “Stop-Order”, by placing the order investors provide instructions to automatically buy or sell securities if it drops or arises at a certain price. In the later part, we will discuss on how to create a trading system. This article will cover a brief description of SL along with writing a Metastock Formula for SL to start with. You may check our previous article on Stop-Loss. The name itself implies its meaning, by using the tool, traders can hedge the risk. In order to protect the principle or minimize the loss, there is a tool which refers to Stop-Loss. In this stock market, traders’ first purpose should be protecting the principle then try for profit. Stock Market is such a volatile field for investment. ![]() The primary objective of any kind of investment is to make maximum profit with minimum risk. ![]()
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