At one point I had the impression that a cross on the last
candle of the day was NOT valid for an entry at the open -- that
each day starts independently and one only pays attention to
crosses happening on the same day. While any one trade is
meaningless the SRS 3min today reminded me of this questionable
rule. I think there are members that do it both ways and if I
remember right Matt said "do what you want" LOL. I haven't gotten
to backtest the two versions yet which is the right way to decide I
would think -- has anyone else? BTW -- talking about a genuine
cross on the last candle -- not one that looks that way only
visually (which Matt discussed).
bk -- my programming is like Robin's. I didn't think it
took the trade if the last candle of the day is a cross, but it
does.....but as Robin says, all the backtesting is done that
way.....and the returns quite consistent with matt's -- whichever
way he does it.
Posted by rgoodwin on 10th of Jul 2009 at 05:00 pm
bkout3 - the way my program is written the trade will happen on
the open if the cross happens on the last candle. My performance
reports, and my actual trading of the systems have excellent
results so I just have not even questioned it. It doesn't happen so
often that I think it will greatly affect performance one way or
the other. KIS - if you like the way your program works - spend
your time finding something that can make you another 400% return
rather than trying to tweak a 400% into a 401%! Have a great
weekend - and if I were you - I wouldn't stress on the last candle
thing!
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Cross on last candle
srs system complete mess today
Posted by bkout3 on 10th of Jul 2009 at 04:53 pm
At one point I had the impression that a cross on the last candle of the day was NOT valid for an entry at the open -- that each day starts independently and one only pays attention to crosses happening on the same day. While any one trade is meaningless the SRS 3min today reminded me of this questionable rule. I think there are members that do it both ways and if I remember right Matt said "do what you want" LOL. I haven't gotten to backtest the two versions yet which is the right way to decide I would think -- has anyone else? BTW -- talking about a genuine cross on the last candle -- not one that looks that way only visually (which Matt discussed).
bk -- my programming is
Posted by Michael on 10th of Jul 2009 at 06:15 pm
bk -- my programming is like Robin's. I didn't think it took the trade if the last candle of the day is a cross, but it does.....but as Robin says, all the backtesting is done that way.....and the returns quite consistent with matt's -- whichever way he does it.
Lsat Candle Cross
Posted by rgoodwin on 10th of Jul 2009 at 05:00 pm
bkout3 - the way my program is written the trade will happen on the open if the cross happens on the last candle. My performance reports, and my actual trading of the systems have excellent results so I just have not even questioned it. It doesn't happen so often that I think it will greatly affect performance one way or the other. KIS - if you like the way your program works - spend your time finding something that can make you another 400% return rather than trying to tweak a 400% into a 401%! Have a great weekend - and if I were you - I wouldn't stress on the last candle thing!