RE: [Metastockusers] Re: System Tester

[<uhehs@xxxxxxxx>]

<span
>Ok, it finally
sank in.  Thanks Joe, that makes
sense.  I guess CLOSE with a DELAY of “1”
is set in stone.  I’ll experiment with
the lower time frame.

<span
> 

<span
>NOW, how
about POINTS ONLY versus putting in say a $20,000 Initial Equity and 100%
margin amount.

<span
>My test
results are implying that every dollar is reinvested into the new trade.<span
>  That’s not realistic.

<span
> 

<span
> 

<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: Joe J.
[mailto:jojab@xxxxxxxxx]
Sent: Sunday, April 27, 2003 12:40
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: RE: [Metastockusers] Re:
System Tester

<span
> 

<font size=2 color=black
face="Courier New">First of all, there is a way to set the Expert to only trigger at
the close of a bar and I recommend that you do that.<font
size=2 color=black face="Courier New">

I set up a custom indicator to plot "dots" when a system signal
occurs (I use this as well as the Expert for dual confirmation).  We can
get into that more later if you would like.  The point though is that
those "dots" come on and off based on whether the signals are valid
or not at that given point within the bar (before the close of that bar) when
looking at the data in real time.  I do not "anticipate" a
signal though.  I wait until the bar is finished and a confirmed signal is
triggered.  I have seen countless examples of the signal triggering a
long/short but it becomes invalid by the time of the close of the bar due to a
move in the opposite direction.  Once a bar closes, and only then, the
signal is valid and I enter the trade on the next bar's open.

To answer your other question, yes, you can set the system tester and your
trading ideas to 1/2 hour bars to catch the intraday moves.  The trade off
on shorter timeframes is always higher commissions and a greater slippage
impact on the overall trade (you are trading for lower % moves so the
commission/slippage factor becomes greater).

Good Trading,

Joe J. 
    


-----Original Message-----
From:      uhehs@xxxxxxxx [mailto:uhehs@xxxxxxxx]
Sent:      Sun 4/27/2003 8:34 AM
To:      Metastockusers@xxxxxxxxxxxxxxx
Cc:      
Subject:      RE: [Metastockusers] Re: System
Tester

OK, wait, I need clarify something.

If we find a system we like, then convert those Long and Short criteria’s
into an Expert Advisor, I’ve notice [when using Daily charts in real-time]
that the buy/sell arrows appear intraday as the criteria is met.  I’m
trying
to figure out how to test on that basis.