Take Profit Greater than Expected

Questions about MultiCharts and user contributed studies.
mcjohn

Take Profit Greater than Expected

Postby mcjohn » 10 Jun 2015

Trading Forex with the following Exit parameters:

//Exits
setstopposition;
setprofittarget(50);
setstoploss(25);

Virtually every take profit is $50 as expected. However, when checking the largest profit it was $300. This did not occur over the weekend and there was no gap. How is it possible? I use the Bar Magnifier of 1 minute and intrabar order generation on a 25 minute time frame. I would use "tick", however, can barely get 1 minute backtesting precision to work without crashing MC.

tony
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Re: Take Profit Greater than Expected

Postby tony » 11 Jun 2015

One way this can happen is if you don't allow more than one exit per bar, a setting under the signal. There are a few scenarios I've seen as well including a function of bar magnifier and the resolution set. MC is not perfect, but I've personally found more times than not, something that seems strange is not a bug with MC, but rather a setting I missed or something in my signal.


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