Backtest on open and on every tick show very different results
Jasus5457:
Assuming the 'every tick' backtest is the correct one, why didn't the 2nd one work? It says "only for EAs that explicity control bar opening", maybe it was because of this? I don't know what they mean by this though, I think any EA that doesn't use tick data ( like Close[0] ) fits into this description...
WHRoeder:
An EA that controls opening has code like It only opens new orders or modifies stops at the beginning of a new bar.
Thanks for the explanations, does that code really work?
An EA that controls opening has code like It only opens new orders or modifies stops at the beginning of a new bar.
i belive that stoploss/takeprofit are also not executed at the level set when testing on bar Opening, they are only executed when an new bar Opens above/under the stoploss/takeprofit. high/lows are not used in the simulation.
i am not 100% shure, since i never run a full test only on open prices.
can somebody please confirm or negate?
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Hi,
I backtested an EA on 1H timeframe (that only uses closes on previous 1H bars, no tick data) on tick and then on bar opening. The backtest on the tick gave me a 100% return, while the on open it gave me 10%, with of course very different graphics.
Assuming the 'every tick' backtest is the correct one, why didn't the 2nd one work? It says "only for EAs that explicity control bar opening", maybe it was because of this? I don't know what they mean by this though, I think any EA that doesn't use tick data ( like Close[0] ) fits into this description...