Registered User
Joined: 4/25/2006
Posts: 9
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I generate set-ups from daily charts and trade-triggers on intra-day charts. For example, I might enter a long trade when the price of one of the set-ups moves above the high of the previous day with a stop-loss below the low of that day. Is there any way I can use the backscanner to backtest those intra-day entry and exit rules?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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You can Drag and Drop Rules from Charts with different Time Frames to the Watchlist to have Watchlist Lights for multiple Time Frames.
You can Drag and Drop Rules from Charts with different Time Framse to BackScanner to have a BackScan using Rules from multiple Time Frames.
That said, these two different things don't produce the same results. When you Drag and Drop Rules to the Watchlist, the lights represent the state of the Rule at the current time which can change over the course of the bar. When you Drag and Drop Rules into BackScanner, the Rules have a single state representing its value at the end of the bar.
It is sometimes possible to create an Indicator in the shorter Time Frame that will represent the value the Indicator in the longer Time Frame would have at the time of the shorter Time Frame, but this can be fairly complicated depending on the Indicator and settings. And even if you do so, the Trade Based Rules (Rules that can include data from the trade) in BackScanner are currently limited to those that are built in, so you couldn't create the desired Exit.
-Bruce
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