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<span
>Yeah, Open
with Delay of 1. Sorry about that.
<span
>
<span
>Also, I
just noticed that I can copy and paste the resulting trades into a spreadsheet.<span
> I suppose eventually I can write a formula
using the $20,000 only on each trade and factor in the profit figure to get a
more realistic return.
<span
>
<span
>Can
someone send me a system they use? If
not to use it myself, at least get a feel for it’s results and why you use it.
<span
>
<font size=2 color=black
face=Tahoma>-----Original
Message-----
From: Joe J. [mailto:jojab@xxxxxxxxx]
Sent: Sunday, April 27, 2003 3:58
PM
To: Metastockusers@xxxxxxxxxxxxxxx
Subject: RE: [Metastockusers] Re:
System Tester
<span
>
<font size=2 color=black
face="Courier New">Actually, it is open with the delay at 1. Close with a delay
of 1 enters on the close of the bar following the signal bar...that is not what
you want.<span
>
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.
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