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Re: [amibroker] Re: Amazing backtest ==> Automatic/program trading



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Terry wrote:

>I trade a same day signal too at 10 minutes before close. What Al meant was
>your system gets it's signal 5 minutes before close (or even 15), BUT you
>are buying at the OPEN of the day. That was 7 hours ago which you obviously
>can't do. You must set trade delays to 1,1,1,1 to trade the NEXT DAY'S OPEN.
>  
>
But that was kind of my point.  In practice, you don't have to buy at 
the open of the next day.  You can calculate your signals a few minutes 
before the close, with a degree of accuracy that will be "good enough," 
and enter approximately on the close.  If you trade the S&P or some 
other futures contracts, you might instead calculate your signal on the 
close and enter at roughly the same price a few minutes later in 
after-hours trading.  There is no need to set trade delays at all.  Or 
so it seems to me.

Owen


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