For a daily strategy (OneNight) which uses limit buy orders, backtesting will prioritize symbols that have an open price at or below the limit price.
Example; Buy Limit $20.
Symbols in the backtest dataset that opens <= $20 will have a higher priority than those that do not open <= $20 but do have a low <= $20.
If granular limit/stop processing is enabled for the same daily scale strategy, will the first bar's open trigger an immediate entry or will an entry on be triggered after the first bar is complete? I'm asking because the time noted on the position list, is never 9:30 (always 9:31 or later) which makes me think the entry is triggered after the first bar is complete.
Example; Buy limit $20.
First bar (9:30) opens at $19.95. Closes (9:31) at $20.05.
Will backtesting take a position at $19.95?
Thank you,
Paul
Example; Buy Limit $20.
Symbols in the backtest dataset that opens <= $20 will have a higher priority than those that do not open <= $20 but do have a low <= $20.
If granular limit/stop processing is enabled for the same daily scale strategy, will the first bar's open trigger an immediate entry or will an entry on be triggered after the first bar is complete? I'm asking because the time noted on the position list, is never 9:30 (always 9:31 or later) which makes me think the entry is triggered after the first bar is complete.
Example; Buy limit $20.
First bar (9:30) opens at $19.95. Closes (9:31) at $20.05.
Will backtesting take a position at $19.95?
Thank you,
Paul
Rename
WealthLab always labels bars using the bar’s end date/time, so 9:31 is the first one minute bar.
Thank you very much.
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