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Pete,
After working with TS & EL for quite some time, I have concluded that there
are simply some things that don't make sense an cannot be explained -- the
MarketPosition anomaly was one that I discovered about 5 years ago and have
never been able to explain why it behaves differently than other EL variables.
I'm currently working on why a SELL STOP order produces an erroneous entry
price, no matter what entry value is fed to it -- I have been able to
demonstrate that TS erroneously fills a Short position 7/8 of a point (or,
$875 on 1000 shares) below the price that the Market would have-- but
nobody has a clue why this happens or how it can be corrected.
I've run this problem by many people-- several on this list, including one
of the original TS/EL designers, and the Omega experts themselves, but --so
far-- nobody has been able to suggest an answer. Unfortunately, this Bug
makes TS virtually worthless for System testing if reliable Entry Prices are
needed to determine the profitability of a Trading System over a period of
time.
Some things in TS appear to simply exist in the twilight zone and may never
be explained in the real-world...
--------------------------
At 10:19 am 12/22/97 +0800, you wrote:
>I have have tried your suggestion Ron, and it works well. Thankyou very
>much for your assistance. I would like to understand why it works when
>you assign MarketPosition to a variable MP, but gives unexpected results
>when I use the native function. Any Clues?
>
>Are there lessons here for any other functions too?
>
>Best Rgds,
>
>Pete
>
>Ron Augustine wrote:
>>
>>
>> If you're trying to work with MarketPosition values for current or previous
>> Bars, you can assign MarketPosition to a Variable and access values of that
>> -- example:
>>
>> Vars: MP(0);
>>
>> MP = MarketPosition;
>>
>> Print(Date, " MarketPosition=", MP);
>> If MP[1] = 0 and MP > 0 then Print("Long Position ",Date,Time," at
>> Bar#",CurrentBar);
>>
>> --------------------------------------------------------
>> At 02:52 pm 12/21/97 +0800, you wrote:
>> >I have been receiving some confusing results using the el function
>> >MarketPosition.
>> >
>> >using the statement "IF MarketPosition(0)=-1 then
>> >...Print...MarketPosition(0)" to determine if I'm currently short, I
>> >never seem to get MarketPosition(0)=-1 even though TS displays many
>> >Short positions. The print is only there for debugging, but it always
>> >prints as 1.00.
>> >
>> >Are there any oddities about this function that it may be useful to know
>> >about?
>> >
>> >Ta
>> >pete
>> >--
>> >Peter Hyde, Information Management of W.A. http://www.imwa.com.au
>> >===========================================
>> >PO Box 36 Armadale, 6112 Western Australia.
>> >Email: peter@xxxxxxxxxxx
>> >
>> >Fax: +618 9497 7184
>> >
>> >Thankyou for considering Ostrich Farmer - The World's finest computer
>> >program for Ratite Farming
>> >Download a free demo of our award winning farming software
>> >ftp://imwa.com.au/pub/imwa/setup.exe
>> >
>> >===========================================================================
>> ======================
>> >
>> >
>> >
>
>--
>Peter Hyde, Information Management of W.A. http://www.imwa.com.au
>===========================================
>PO Box 36 Armadale, 6112 Western Australia.
>Email: peter@xxxxxxxxxxx
>
>Fax: +618 9497 7184
>
>Thankyou for considering Ostrich Farmer - The World's finest computer
>program for Ratite Farming
>Download a free demo of our award winning farming software
>ftp://imwa.com.au/pub/imwa/setup.exe
>
>===========================================================================
======================
>
>
>
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