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Backtesting Calculation doubt

Posted: 18 Feb 2007
by Guest
Hi,

i hope you can answer me this question.
Suppose that according to my stock trading strategy, which evaluates daily bars, I have a take profit order at $50 and a stop loss order at $46. One day the price opens and closes at $48 with the high at $51 and low at $45.
How does multicharts know which one was hit first, the high or the low, and how does mc closes this trade?

thanks

Posted: 19 Feb 2007
by Kate