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When u test
Indicies, use the points only test
<FONT face=Arial
size=2>P.
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<FONT
face=Tahoma size=2>-----Original Message-----From: Andrew Tomlinson
[mailto:andrew_tomlinson@xxxxxxxxxxx] Sent: Friday, May 14, 2004
3:31 AMTo: equismetastock@xxxxxxxxxxxxxxxSubject: RE:
[EquisMetaStock Group] Event "Cancelled - Open Cost" in Enhanced System
TestTomThanks - I have read and studied
your guide and it’s the main reason thatI've started to get anywhere at
all with system tester. Your comments belowon interpreting the report
statement also help a lot. But every time I run atest I find something
else that requires a couple hours thought on why itdoesn't work like I
expect.For example, I was running system tests yesterday on the DJIA,
100% equity.It took me a while to realize that unlike earlier versions of
MS, MS 8/9 wasonly investing whole numbers of Dow "units". So to get the
same result as atest that really invested 100% of equity, I had to
use an invested amount of$100 million (i.e. so that the remaining
uninvested amount wasinsignificant). As the reports don't put commas
between 000's, this getsunwieldy quickly. And the idea that the results
can vary with the amountinvested is counterintuitive for most of us. What
were they thinking??Thanks again for your
help.Andrew-----Original Message-----From: Tom Sprunger
[mailto:tlsprunger@xxxxxxxxxxx] Sent: Thursday, May 13, 2004 4:30
PMTo: equismetastock@xxxxxxxxxxxxxxxSubject: Re: [EquisMetaStock
Group] Event "Cancelled - Open Cost" inEnhanced System
TestAndrew, J Locatelli,Some of your questions and
problems should be covered in the doc belowposted in the Files section on
this group.Sprunger Guide to MS ver8.docGo read it
carefully.The v8/9 testers have a broker module. Equis attempted
to make it"realistic". Yeah, right. Like anyone actually
trades like this.When the tester gets a signal it calculates the
number of shares to buy andpasses it to the broker. The broker
places the trade if there aresufficient funds etc. Otherwise it cancels
it.Considered : means a signal has been
generated.Placed: means an order was sent to the broker for a
specific number ofshares based on the price on the bar the signal was
generated and the equitybeing usedOpen: means the broker put the
order in. If on a buy, you will get filledif the price is lower than on
the bar the signal was generated, otherwiseyou will not.Executed:
means the order was filledCancelled - open cost: means the order was not
filled because the price onthe next bar is more (for a buy) than the price
calculated on the signal barCancelled- Position Limit: means the
order was not filled because you hadthe max number of position already
open Cancelled - Zero Size: means you didnot have enough equity to buy 1
shareThere may be some others.Jose, on your specific
question,(Considered) at 15:50 you got a signal to buy 3494
shares(Placed) at 15:50 the order for 3494 shares was sent to the
broker toexecute on the next bar (Cancelled - Open Cost) at 15:55, the
order for 3492shares was opened and then cancelled because the price was
higher than theprice where the 3494 shares were calculated.You are
probably using 100% of your equity, right? So at 15:50 when
thesignal was generated it divided your equity by the price on the signal
andcame up with 3494 shares. On the next bar at 15:55, the price
went upenough that to buy 3494 shares would have taken more funds than you
hadequity. So instead of just buying a share or two less, which is
what anyreal trader would do, it cancelled the entire order and you missed
thesignal. No trade.Tom-----
Original Message ----- From: "Andrew Tomlinson"
<andrew_tomlinson@xxxxxxxxxxx>To:
<equismetastock@xxxxxxxxxxxxxxx>Sent: Wednesday, May 12, 2004 7:33
AMSubject: RE: [EquisMetaStock Group] Event "Cancelled - Open Cost"
inEnhanced System TestEven better, if someone has a
list of the comments that appear in the ordersreport with explanations.
None of them are documented in the manual. I am onthe verge of giving up
on Metastock 8/9 as a platform for system testing.Too many undocumented
bizarre little tricks to get it to do simple tests. Ihaven't done a single
system test on this platform that I really haveconfidence in. Not a basis
for successful trading.(forgive my bitching. Just spent another 4
hours yesterday trying to match asimple system with Colby, with mixed
results)Andrew-----Original Message-----From:
jose_locatelli [mailto:jmlocatelli@xxxxxxxxxxxx]Sent: Wednesday, May 12,
2004 7:30 AMTo: equismetastock@xxxxxxxxxxxxxxxSubject: [EquisMetaStock
Group] Event "Cancelled - Open Cost" in EnhancedSystem
TestHi,I wrote a system test and during the its simulation
some enter signals arecancelled, with a "Cancelled - Open Cost" event
reported on the Ordersreport, shown below. I didn´t find any reference to
this type of event inthe help and in the MS8 manual.Can any of you
explain what this event means? And how to avoid it?174 23/4/2004 14:50
5 Considered
Sell 3494 Market 2Signal174 23/4/2004 14:50 5
Placed
Sell 3494 Market 2Signal175 23/4/2004 14:55 5
Opened
Sell 3494 Market 2Signal175 23/4/2004 14:55 5
Executed
Sell 3494 Market $2.8500Open 2 Signal184 23/4/2004 15:50 6
Considered
Buy 3492 Market Signal184 23/4/2004 15:50 6
Placed
Buy 3492 Market Signal185 23/4/2004 15:55 6 Cancelled -
Open cost Buy 3492 Market
SignalRegards,LocatelliYahoo!
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