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In a message dated 10/22/1999 7:49:49 AM Pacific Daylight Time,
he96@xxxxxxxxxxxxxx writes:
<< for the umpteeth time - yes it can be done - BUT using the BUILT IN STOP
is
a desaster and TS changes the TRADES which have APPEARED on the
screen in REALTIME after the day with HINDSIGHT - this should not happen
at all !!!! THATS MY POINT !
in short words: TS IS CHEATING !!!! - to be friendly !
>>
Hans, his Zebra and the rest of the world:
I ran into this problem while refining a system for a trader. I can
guarantee that this BT problem with the built in trailing stop is NOT just
for a daily bar but for any bar, real time or EOD. The solution is not a
good one but it may help. First, in a real time chart the signals should be
correct DURING the day of the trade. Once any change in the chart occurs,
the sequence of trades is destroyed and TS will replace real trades with
false trades because it loses the sequence of trades i.e., BT and trailing
stops.
This means that you have to keep records for each day yourself and not rely
on TS for more than the current day. Each day will be correct during that
day as long as you do not close the chart or change the status etc.
Gradually day by day you can build a reliable system but it takes time. To
complicate things, you must record the ending profit or loss each day and
also write down the beginning P/L for the next day. If the chart has been
changed, these values will be different and then you can record the trades
for that day or print them at the end of the day to determine the P/L for
that day. Under TS4.0 the combination of BT and trailing stops will produce
FAULTY results as soon as the chart is changed.
Lynn
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