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Just a question for everybody.
I know that a trading system is to be followed every time it show a signal
for its validity... but don't you think and follow the idea of trading systems
as vectors of decisional support independently from the "right timing" of
signals?
For example: if in the universe of my stocks I find some of them which had
to be bought yesterday at open with a signal given in time -2 and the price
is less then the open of yasterday but the signal is persistent, the
relative minor proability to have a good trade (if the stop
level isn't caught) is so strong to avoid me to buy now at that minor
price?
Are we so sure this is not a better condition of entry? My stop will
be less than the normallly calculated, too.
Naturally for every trading system the validity of such approach isn't the
same and the goodness of it is not valuable with number.
Bye, Robin
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Joe J.
To: <A
title=Metastockusers@xxxxxxxxxxxxxxx
href="">Metastockusers@xxxxxxxxxxxxxxx
Sent: Sunday, April 27, 2003 9:58
PM
Subject: RE: [Metastockusers] Re: System
Tester
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.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 AMTo:
Metastockusers@xxxxxxxxxxxxxxxCc:
Subject: RE: [Metastockusers] Re: System
TesterOk, 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 PMTo:
Metastockusers@xxxxxxxxxxxxxxxSubject: RE: [Metastockusers] Re: System
TesterFirst 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 AMTo:
Metastockusers@xxxxxxxxxxxxxxxCc:
Subject: RE: [Metastockusers] Re: System
TesterOK, wait, I need clarify something.If we find a system
we like, then convert those Long and Short criteria’sinto 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 tryingto
figure out how to test on that basis.From everyone’s responses, I’m
guessing that the only options are to SystemTest at either the closing
price of the current bar or the opening of thenext bar. Even though
the actual signal may have occurred half way throughthe trading day, and
hypothetically say 5% earlier.TRUE?[if that’s the case, should
I System Test on something like ½ Hour barswhere I won’t get NUMEROUS
trades per day, but at least be able to catch anintraday move before
waiting for the next trading day.?]-----Original
Message-----From: rtstrade [mailto:rtstrade@xxxxxxxxxxx]Sent: Sunday,
April 27, 2003 11:22 AMTo: Metastockusers@xxxxxxxxxxxxxxxSubject:
[Metastockusers] Re: System TesterWith a delay of zero, that means a
trade at the close.On any time frame, it is not practical to trade at the
close, sincethe signal comes at the close. So, the best you can do
is trade atthe 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 Delayset to ZERO> and then trade as I see a trigger?>
[I ask because lately I've missed some big moves on the Daly
chartsthat> didn't look as attractive the next day]>>
Sometimes even going to the 15 minute bars misses some of themove.
I> suppose I can go to an even shorter time period, but that
goesagainst my> style.>> -----Original
Message-----> From: Joe J. [mailto:jojab@xxxx]> 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, yoursignal> happens at
the end of a bar. Then you open the position on theopen of
the> next bar. So, yes, in a sense you can trade
immediately...stillthat> happens on the open of the bar after the
signal not on the open ofthe bar> that triggered the signal, which
is why you set the delay to 1 whenusing> the open.>>
Good Trading,>> Joe J.>>>>>
-----Original Message-----> From:
uhehs@xxxx [mailto:uhehs@xxxx]> 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 EntryDelay is set> to the number 1.> Can't I set it to
ZERO if I am charting in real-time; So I cantrade>
immediately as I get a trading signal?>> Also, [when trading
stocks], what is the preferred setting POINTSONLY or> placing in
values [like equity of $20,000 with 100% Margin and nointerest]?>
When I run a System Test using the dollar amount mentioned, itappears a
bit> unrealistic. I figured that the program is reinvesting
everydollar into> the next trade. That's why I am thinking POINTS
ONLY may be the wayto go.>> Anyone who can, please
help.>>>>>>>>>>>>
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