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Ah. Bouncing Ticks and Mark Brown. Now we're in for it. :)
Clint
-----Original Message-----
From: William Vedder, Jr <bved01@xxxxxxx>
To: Mark Brown <markbrown@xxxxxxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Sunday, January 31, 1999 9:50 PM
Subject: Re: preliminary results of my system
>Mark Brown wrote:
>>
>> if you are using daily bars, then how would the system determine if the
>> percentage win or the percentage loss happened first. to put another way
>> how does your system know the order of the ticks in the bar? if a bar
opens
>> and then trades lower first and then it trades higher, did you know that
ts
>> will take the best case scenario?
>
>Is this true? I thought the setting for the "bouncing ticks" controlled how
TS
>interprets the daily bar and whether it assumes the high or low was hit
first.
>
>Regards,
>
>Bill
>> testing like this should be dismissed as
>> invalid testing.
>>
>> many pitfalls await the system tester
>> snip
>
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