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System Tester - Difference in Points Only to 100% Initial Equity test
Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/24/2013(UTC)
Posts: 2
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Dear all,
I just ran a few systems with 'Points only" and "100% of Initial Equity". Without going too much into detail, when using "points only" then the system executes all the signals, however when using "100% of Initial Equity" then some signals are left out.
It's exactly the same system in both test cases.
Anyone experienced this as well?
Many thanks for your help.
Cheers,
Raphael
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers
Joined: 3/6/2010(UTC)
Posts: 113
Location: London
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The difference is more likely due to price changes between the time an order is placed and when it is executed. Therefore the order gets cancelled. Example: Buy at next Open Close Price: 500 Equity: 50,000 Units (calculated by Metastock): 100 Open next bar Open Price: 505 You don't have enough equity to buy @ 505 anymore, so the order gets cancelled. The easiest solution would be to backward reference you rules by one bar and execute at the current open instead of executing at the next open. That way Metastock will use the open price to calculate the number of units rather than the closing price. This is what I always do now, and I never get this problem anymore. This is mentioned in more detail in Sprunger's Guide to the Enhanced System Tester.
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Rank: Member
Groups: Registered, Registered Users, Unverified Users
Joined: 5/1/2012(UTC)
Posts: 25
Location: Sherman, Texas
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Haddison, thanks for the Link. Much appreciated.
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 3/24/2013(UTC)
Posts: 2
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Dear Haddison,
Many thanks for the prompt reply. Appreciate that.
Will try it again.
Cheers,
Raphael
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