'Blood in the Street' System

This system requires at least MetaStock 8.0 easily follow the Dow while trading a different security. The ticker symbol used for the Dow is the Reuter’s Datalink symbol. If you are using a different vendor, you will need to change the symbol used in the security data function. To create this system:

• Select the Enhanced System tester from the Tools menu
• Click New
• Enter the name of the system
• Select the Buy Order tab and enter the following formula:
  
  Security(".DJI",rsi(30))<40 AND sum(c<ref(c,-4),9)=9
  
  
• Set the enter size dropdown to "% of available equity"
• Enter a 10 in the space to the right for the entry size
• Select the Sell Order tab and enter this formula:
  
  profit:= Simulation.CurrentPositionPointDifference;
  
  (profit/(c-profit)>=0.13) OR (sum(c>ref(c,-4),9)=9)