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Strategies & Market Trends : TA-Quotes Plus -- Ignore unavailable to you. Want to Upgrade?

To: Debra Orlow who wrote (7797)	11/15/1998 11:51:00 AM
From: Dick Brown	Read Replies (1) \| Respond to of 11149

Probably TradeStation..

To: Debra Orlow who wrote (7797)	11/15/1998 12:24:00 PM
From: Richard Estes	Read Replies (2) \| Respond to of 11149

I think the answer is close to NO. But lets look at what an end of day system is: It is based on measures determine at the end-of-day. No system test reflects reality. It only provides you the relative measure between other systems so make sure all options are same in tests. I suggest 1 day delay at open. In the aspect of entry/exit, a setup without delay requires you to know the future. Until the close, you don't know if an indicator has been triggered, thus end of day. If you say logically you will buy next day, you will only have open to use. the only measure you know will occur and when, besides close. Does it make a difference on system tests? Not if you are making the proper use of comparing systems, rather than trying to reproduce reality. In you example, you won't know if Stoch went over 80 until the end of the day. if you did figure what it was at 12:00, it would tell you what final measure was until close. You need to use a RT program but even they have drawbacks keeping you from reality. In fact one man's reality is another's folly. look at the bigger picture, read the system test results fully on many stocks. Don't ever fall for the myths of buy and hold or total profit, look at all results.

To: Debra Orlow who wrote (7797)	11/15/1998 3:55:00 PM
From: John Hunt	Read Replies (1) \| Respond to of 11149

<< What I am looking for is a tester that will trigger entry/exit points based on a specific price only if that price is touched. >> Hi Debra, Not sure if this will help, but here goes. I sometimes use Metastock's explorer to test for profitability of a concept. For example, I use the FILTER to set the entry criteria, say to see the effect of an opening gap O > 1.03Ref(C,-1) I then use the columns to report max profit or loss, say ColA to see what the percent profit would be if I bought a the open and sold at the high of the day. ((H-O)100)/O You can also enter If statements within explorer to see the profit, if and only if a certain price is met. You can scan for a specific date in the past and report maximum profit the next day, the day after, etc by using Ref(C,-1), etc to base your entry on an earlier date, and the columns on later dates. HHV and LLV can be used to give maximum profit over several days at a time, as well as the maximum loss over the period. By setting the date of the scan in explorer, you can then back up the scan a day at a time to get more results. John PS - I believe that you can do similar tests in QP 2.0 by reporting the profit info as several calculated output entries.