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Steve:
Touche. I would point out, however, that the system test shows you results
only for both entering and exiting at the open (you can't enter at the open
of one bar and exit, say, on a stop 3 points/ATRs/SDs higher). Therefore,
you have to restrict your system to match MetaStock's testing capabilities.
Furthermore, the system test results are for entering/exiting at the opening
tick, whereas in real life you execute in the opening range. Probably not
material, but one is not testing like they are trading.
The message to Equis, still, is we need the flexibility to test the same way
we trade.
Regards
----- Original Message -----
From: Steve Karnish <kernish@xxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: August 13, 1999 09:40
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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