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Can someone help me with this query, please. It's driving me nuts!
I'm using 5 min bars and buy on the close of the day. I then want to exit if
the OpenPositionProfit is less than, say 500.
In some cases, the next day opens way down but instead of exiting on the
open (or near to) as I would have expected (OPP being well less than 500)
it's either exiting on the close which is higher than the open or not
exiting until the next bar.
The pseudo code goes like this:
if blah blah blah... then buy this bar at close; {this bit works just fine}
if OpenPositionProfit<-50 then exitlong;
Although I'm using 5min bars, the data is actually 1 min bars so I set the
backtesting Setting to 1min but it still doesn't work. Setting it to Tick
changes the results (even though it's not tick data) but the problem's still
there.
In some cases it actually looks as though it's ignoring this first bar
completely.
All suggestions most gratefully received...
Cheers,
Ian
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