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You would need to add the price range of next future bar if your
broker only makes the trade when the price trades at that set price.
Of course you do not actually know if the market actually traded at
your price as a bar only covers the range of traded prices and does
not guarantee every tick inside that range was actually traded. so you
still may not have actually got your trade entry anyway. This is OK
for backtesting, so make sure you remove the condition if you use it
to scan for trades.
It all comes down to how your trade entry/exits are actually triggered
through your broker
eg if you make conditional trade overnight for next day's trading your
conditional (long entry) trade may actually be if the market trades at
or higher. eg buystop price = 10.00 so you get entyr if the price
trades at $10.00 or higher than $10.00. If you have put your order in
before the market opens then you should consider using buyprice =
max(Open,BuyStopPrice) in case the trading gaps over your price at
open.
--
Cheers
Graham
AB-Write >< Professional AFL Writing Service
Yes, I write AFL code to your requirements
http://www.aflwriting.com
On 03/03/07, hairy_mug <WSCHWARZ@xxxxxxxxxxxxx> wrote:
> Finished my strategy and tested good (with PriceBoundChecking true and
> delay=1).
> I would like to adjust the entry price according to a formula so I can
> specify the price and not use whatever it is on the Open.
> I am aware of the buyprice array but with "PriceBoundChecking" true, it
> re-adjusts the price to fall with-in bounds, so I have no idea when my
> formula is correct...
> I did not want to buy when the price I specified was out-of-bounds, so
> I tried resetting the buy if the specified price did not fall with-in
> the next (future) bar range. (I only do this in backtest mode, since it
> does not make sense fot trading).
> Is this a valid approach? Am I not undestanding something? Or do I just
> turn PriceBoundChecking false?
> I scanned 188 messages on "PriceBoundChecking" but did not find
> anything that addresses this...
>
> Help much appreciated...
>
> Walt
>
>
>
>
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