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Steve
Maybe this isn't done in the equity market. We use it all the time as well.
For testing in MS you have to exit at the next days open rather than on the
close. For us, this means we can't use the Systems Tester for checking out
day trading systems.
As you know, in day trading futures you really don't need any money up,
depending upon your relationship with your broker (as long as you have money
lying around, as margin requirements are calculated on the close. :)
Of course, if you have a great day trading system, your return on investment
(0) becomes astronomical. :)
I saw you exited all your Wheat options. My brother, like an idiot is still
holding his I think.
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx [mailto:owner-metastock@xxxxxxxxxxxxx]
On Behalf Of Steve Karnish
Sent: Friday, August 13, 1999 9:40 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: System Tester Stops
Glen,
I must be one of the "handfuls" because I test and execute at the opening
for a "gang" of folks. This morning I went long wheat and short feeders at
the opening range. I do it almost everyday...seems real to me.
Steve Karnish
CCT
----------
> From: Glen Wallace <gcwallace@xxxxxxxx>
> To: MetaStock listserver <metastock@xxxxxxxxxxxxx>
> Subject: Re: System Tester Stops
> Date: Friday, August 13, 1999 8:10 AM
>
> Absolutely. First, toss out exiting at the high or low because this is
not
> reality. If I could do this every day, I wouldn't need MetaStock because
> I'd be rich. That leaves us with exiting on the open or close. This
only
> reflects reality for a handful of systems, and distorts system test
results
> to the point where they are nearly useless.
>
> What do you say Equis?
>
> > I agree that this is a feature that needs to be added asap and would go
a
> > long way in making a good product better.
> > It's a very frustrating limitation to only be able to exit at a bar's
> > O,H,L, or C. This ranks as the most important feature that needs to be
> > addressed in the System Tester as far as *I* am concerned. I'd rather
> > be able to run a test that accurately calculates equity from a more
> > robust range of scenarios on only one security at a time, rather than
> > to have the ability to test multiple securities with the current
> > limitations...if I had to choose. Remarkably, not everybody's pain
> > threshold is exceeded only on the O,H,L, or C.
>
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