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Owen,
You can choose to enter and/or exit trades on open/high/low/close of the
bar, also to delay your trades to next bar, etc... in System Tester Options.
Gerard
----- Original Message -----
From: "Owen Davies" <owen@xxxxxxxxxxxxx>
To: <metastock@xxxxxxxxxxxxx>
Sent: Wednesday, July 26, 2000 2:14 PM
Subject: Somebody please say it ain't so!
> I've just returned to Metastock in the last few months.
> Used to use an early version to test systems (not
> that I'd actually trade one) on daily charts, but switched
> to Supercharts for a couple of features that Metastock
> didn't have in those days. This time around, I'm using
> MS pretty much just as an interface to e-Signal.
>
> However, to get hard numbers on a horseback observation,
> I just wrote up a system and tested it on T-bonds. Nothing
> fancy. Just go with an oscillator whenever it crosses up
> out of oversold territory or down out of overbought. Made
> money on bar lengths from 1-minute to daily. Then it dawned
> on me what those raw numbers translated to. I'd be as
> happy as the next man to have made $133K in bonds since
> the beginning of June (maybe even happier!), but somehow
> it didn't seem plausible.
>
> Near as I can figure, the System Tester enters and exits
> trades on the opening price of a bar, using indicator values
> that can't be calculated until the close of the bar. Thus trades
> that would have lost money in the real world look like they
> made money in the system-test reports.
>
> Could anyone really be stupid enough to write their software
> that way? If so, it makes even Miami Lice look good.
> (Well, maybe not in any absolute sense, but by the apparent
> standards of their industry.)
>
> Somebody please tell me this program isn't useless for
> anything beyond turning raw data into pretty pictures.
>
> Owen Davies
>
>
>
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