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The alternative we were talking about was close with zero delay but it is more realistic to say open with delay at 1.
Like you noticed, by letting the system use earlier earnings to reinvest tends to distort things. Personally, I use points only but then I only compare that system to other systems on that same security.
Good Trading,
Joe J.
-----Original Message-----
From: uhehs@xxxxxxxx [mailto:uhehs@xxxxxxxx]
Sent: Sun 4/27/2003 10:17 AM
To: Metastockusers@xxxxxxxxxxxxxxx
Cc:
Subject: RE: [Metastockusers] Re: System Tester
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.
NOW, how about POINTS ONLY versus putting in say a $20,000 Initial Equity and 100% margin amount.
My test results are implying that every dollar is reinvested into the new trade. That’s not realistic.
-----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
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.
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.
>From everyone’s responses, I’m guessing that the only options are to System
Test at either the closing price of the current bar or the opening of the
next bar. Even though the actual signal may have occurred half way through
the trading day, and hypothetically say 5% earlier.
TRUE?
[if that’s the case, should I System Test on something like ½ Hour bars
where I won’t get NUMEROUS trades per day, but at least be able to catch an
intraday move before waiting for the next trading day.?]
-----Original Message-----
From: rtstrade [mailto:rtstrade@xxxxxxxxxxx]
Sent: Sunday, April 27, 2003 11:22 AM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: [Metastockusers] Re: System Tester
With a delay of zero, that means a trade at the close.
On any time frame, it is not practical to trade at the close, since
the signal comes at the close. So, the best you can do is trade at
the next bar open.....or a delay of 1 bar.
That's why MS calls it "realistic" price.
Bob
--- In Metastockusers@xxxxxxxxxxxxxxx, <uhehs@xxxx> wrote:
> Hi Joe.
>
> What about Daily bars? Can a test on those be done with a Delay
set to ZERO
> and then trade as I see a trigger?
> [I ask because lately I've missed some big moves on the Daly charts
that
> didn't look as attractive the next day]
>
> Sometimes even going to the 15 minute bars misses some of the
move. I
> suppose I can go to an even shorter time period, but that goes
against my
> style.
>
> -----Original Message-----
> From: Joe J. [mailto:jojab@x...]
> Sent: Sunday, April 27, 2003 3:02 AM
> To: Metastockusers@xxxxxxxxxxxxxxx
> Subject: RE: [Metastockusers] System Tester
>
> You mentioned that you trade on 15 minute bars. Remember, your
signal
> happens at the end of a bar. Then you open the position on the
open of the
> next bar. So, yes, in a sense you can trade immediately...still
that
> happens on the open of the bar after the signal not on the open of
the bar
> that triggered the signal, which is why you set the delay to 1 when
using
> the open.
>
> Good Trading,
>
> Joe J.
>
>
>
>
> -----Original Message-----
> From: uhehs@xxxx [mailto:uhehs@x...]
> Sent: Sat 4/26/2003 7:08 PM
> To: Metastockusers@xxxxxxxxxxxx com
> Cc:
> Subject: [Metastockusers] System Tester
>
> It was suggested that a true System Test is one were the Entry
Delay is set
> to the number 1.
> Can't I set it to ZERO if I am charting in real-time; So I can
trade
> immediately as I get a trading signal?
>
> Also, [when trading stocks], what is the preferred setting POINTS
ONLY or
> placing in values [like equity of $20,000 with 100% Margin and no
interest]?
> When I run a System Test using the dollar amount mentioned, it
appears a bit
> unrealistic. I figured that the program is reinvesting every
dollar into
> the next trade. That's why I am thinking POINTS ONLY may be the way
to go.
>
> Anyone who can, please help.
>
>
>
>
>
>
>
>
>
>
>
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