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
Back testing doubt
Question
The numbers are just made up you can put any number in there.
My question is this:
Imagine that both your take profit order and stop loss order are hit on the same say, how does multi charts know which one was hit first, considering that my strategy is evaluating daily bars.
thanks
My question is this:
Imagine that both your take profit order and stop loss order are hit on the same say, how does multi charts know which one was hit first, considering that my strategy is evaluating daily bars.
thanks
You will find an explanation on the attached screenshot.
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