Support Board
Date/Time: Wed, 27 Nov 2024 05:45:19 +0000
Post From: Sierra Chart sim trading exiting positions at impossible prices
| [2023-09-25 17:29:28] |
| User61168 - Posts: 403 |
|
Fascinating topic. Perhaps we could move this to User Discussion section. I apologize in advance for asking a clarifying question. From day 1, my understanding about sim and replays was to never rely on bid/ask. Even an experienced trader back in 2018 told me not to use bid/ask in sim/backtesting/forwardtesting. So, In order to bring my backtest results closest to live results, I have always used the "last" registered price in all my algos. All my entries and exits are triggered using the last price i.e. "C" of the OHLC. To compensate for the slippage etc, I just add a 6-8 ticks to my daily max profit target to compensate for any slippage or spread widening etc. I am curious of your opinion if this is the good (or better) approach compared to relying on bid and ask values. I am not a scalper so it suits my style but I also want to use the correct approach used by professional algo traders. |