question on stop order in bachtesting without IOG  [SOLVED]

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cnbiz850
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question on stop order in bachtesting without IOG

Postby cnbiz850 » 23 Nov 2012

Here is how the calculation will be performed for MC 8.0 beta 3 and higher:

Scenario A: Calculation on historical data. Regular mode. No IOG. No Bar Magnifier.
The script is calculated on the bar close. It is considered that all prices were within the bar (Price movement assumption is used). Order filled on any price within the NEXT bar.
I got the above description from the FAQ. My question is if I have an order below for backtesting:

Code: Select all

buy next bar at StopPrice stop;
Does MC check on the next bar whether StopPrice is within the bar range before filling the order?

Also, the FAQ mentions that it is for MC 8.0. What is the situation with MC 7.4 which is what I am using?

Can anyone please confirm?

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Andrew MultiCharts
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Re: question on stop order in bachtesting without IOG  [SOLVED]

Postby Andrew MultiCharts » 23 Nov 2012

My question is if I have an order below for backtesting:

Code: Select all

buy next bar at StopPrice stop;
Yes.
Does MC check on the next bar whether StopPrice is within the bar range before filling the order?
If Bar Magnifier is not used and the price of the order is between Open, High, Low and Close, the order is filled at that bar.
Also, the FAQ mentions that it is for MC 8.0. What is the situation with MC 7.4 which is what I am using?
If you don't use Bar Magnifier, the situation is the same for MC 7.4


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