Greg Winch![]() Regular ![]() ![]() Posts: 71 Joined: 1/21/2007 Location: Phoenix ![]() | I also believe Jim Dean's post #11301 is relevant to this discussion: "The *only* tricky thing to using daily bars for intrday entries/exits in backtesting is related to whether the H or L occurs first. There is a neat solution to this that at least two other BT engines use, and OT could use - so that it would better simulate real-life trading. I posted the explanation for this earlier today in another thread. Nutshell: use relative distance of O to H and L to determine which comes first. By doing this, an intraday entry on that bar (per discussion above) can be logically coordinated with a stop that is immediately placed on the same bar. Depending on whether the H or L comes first, either the stop fires or it doesn't (presuming extreme of day violates the stop.)" In the case of LLV or HHV stops the above may not matter unless both a profit stop and a loss stop could be hit on the same bar. But for backtesting purposes, I think something of this nature is important. OT is a great program with great goals for its users. My feeling is one could have any number of Trading Systems that pinpoint excellent opportunities to enter a trade but without Trade Plans that are customizable like mentioned above, are not really usable in real "end-of-day" trading. |