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Cameron:
More important than understanding "BT's" in TS is understanding
the nature of historical OHLC bars. The ONLY thing you know about what
happens *inside* a bar is that the C happens after the O. You do not know if
the H or L happened first, or if the the market went up and down inside the
bar 100 times or not. TS assumes some stuff about OHLC bars that may or may
not be true. By setting BT to 100 you are assuming the market "bounced"
against you 100%, by setting BT to 0 you assume didn't bounce at all. Unless
you actually look at the ticks you have no idea if either assumption is
right.
BW
>From: "Cameron Jones" <camster@xxxxxxxxxxxxxx>
>To: "omega list" <omega-list@xxxxxxxxxx>
>Subject: RE: bounce?
>Date: Tue, 5 Jun 2001 00:49:51 +1000
>
>Mark
>
>So what exactly sould i do ? 100% bounce or 0 % bounce?
>
>Complexed Cameron
>
>-----Original Message-----
>From: Mark Brown [mailto:markbrown@xxxxxxxxxxxxx]
>Sent: Tuesday, June 05, 2001 12:39 AM
>To: Cameron Jones
>Subject: Re: bounce?
>
>
>Hello Cameron,
>
>CJ> I have an end of day s&p500 system that trades ok at bounce tick value
>of
>CJ> 10% but on 20% it losses money. Does anyone have an ideal bouncing
>tick
>CJ> value that has proven realistic results? or is 10% pretty spot on?
>
>use bounce at all and you will FLOP! who wants to bet? PO?
>
>
>
>--
>
>Have a Great Day, Mark
>
>http://www.markbrown.com
>
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