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Registered User
Joined: 10/14/2004
Posts: 44
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When you use the scan only mode you get the t/f signal day arrows. Would you expect to get any data being generated in this mode?
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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Scan Only does generate a Performance Summary. That said, you should keep in mind that you have not set up Buy and Sell Conditions. You only have a single set of Strategy Conditions that are either True or False. The Performance Summary is designed for Trades with Entries and Exits. It is not altered in any way for Scan Only. Some things to keep in mind:
- You will "Buy" on the Open of the day the Conditions are first met (this behavior acts on information that might not actually be available at the Open).
- You will "Sell" on the Open of the day the Conditions are last met (this behavior acts on information that might not actually be available at the Open).
- If the Strategy Conditions are True for only a single Bar, there will not be any return because you will "Buy" and "Sell" on the Open of the same Bar.
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/14/2004
Posts: 44
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Burce, I was a little surprised to find out that the data results are based on the open of the t/f bar. Why is the open used and not the close? Can that be change to the close? I understand that its not a buy/sell signal, but having it use close for the calculation would be equivalent to a real time data close trade.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I do not know of a way to use the Closing values for trades using the current Blocks and features of Blocks (although an optional setting allowing this is in the works). It is possible to have Strategy Conditions based on intra-day values when using Mega Minute Data however. You may wish to review the following:
condition test
Learn how to use the forums: post a new topic, reply, Search existing topics
-Bruce
Personal Criteria Formulas
TC2000 Support Articles
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Registered User
Joined: 10/14/2004
Posts: 44
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Burce' I did not intend to imply that blocks could do this. I'm a tcnet user and thur the use of %true custom indicator you can tell which stocks will probabaly have half(t/f)spike (buy/sell) at the end of day update that will be completer on the next day open. I can find my signal bars that I want to trade in TCNET, just can't backtest them. I can allso find them in Blocks but can't test the close on signal day. The closet thing that is available to what I need is the scan only mode. I understand that it use the open on signal day to calculate the scan data. It's not what I want, but it's on signal day and I think it gives us a very good indication of what a close on signal day might produde for scan data
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