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In a message dated 1/8/00 5:58:50 PM Pacific Standard Time,
imacauslan@xxxxxxx writes:
> I am aware that TS 4 uses bouncing ticks to "approximate" likely price
> movement within a bar, on a "dead" chart, when doing historical
> back-testing.
>
> However: does this apply to me? Obviously, if I were an end-of-day
> trader, all that TS would have is Open-High-Low-Close. But I trade
> 5-minute bars and am collecting tick data. Moreover I have *disabled*
> the option to "build 5 minute bars" in Server (part of the morning
> update). ...Thus, it seems to me my configuration is forcing TS to read
> every tick out of the Server--in order to calculate the O,H,L & C of
> each 5-minute bar, isn't it? Am I wrong about this?
Ian:
Even though TS4 reads each tick to make a 5 minute bar (in your case), it
judges system performance by OHLC in that bar. In short, by setting BT's @
100% you would theoretically see the worst scenario (assumes a bounce 100%
against you in every bar), and by setting BT's @ 0% you would see the best
case (assumes no (0%) bounces against you in each bar). In between
(1-99%).... who knows what you are getting.
Bill Wynne
SmartTrades.com
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