I would like to avoid that "better". I would like its entry will be at a specific price and I do not deside it chooses any other better price (higher for short operations and lower for long ones).... but how to...?
So, there is no way to enter with a precise price?!?
And what is the criterion in a backtest by which MC decides the entry price? Sometimes it decides to entry at the open, other times chooses higher values ... and I am working with hourly bars and the imported data were simple ascii hourly rows in a text file (no other information I imported)
Last edited by auato; September 26th, 2016 at 07:30 PM.
Why would you want to get filled at a worse price? I mean you could maybe try agree with your broker to 'give up' some of your profits on each fill so that for accounting purposes you're actually get filled at exactly the price you desire...
I see some of the logic in his request. If you have a limit price working but you get a substantially better price, maybe conditions have changed(?) and you are not in a better spot. If market is trading @15 and you have a limit at 14, then the market gaps to 11, maybe the natural flow of that underlying asset has changed.
Is there a way to program a parameter around it on MC?
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you have a limit order at the exchange - wouldn't that mean you would have to be able to see the substantially better price in advance to be able to cancel the limit order before it gets executed at the exchange? The moment you see the better price, you are likely filled already.
You could monitor the prices on your computer and only send orders when the price meets the price you want - but after you send the order (market or limit) I don't see how you can control where the exchange fills you within MC - you don't have a "fill or kill" option.
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Thank you all.
Mattz figured out my request. My TS enters short only if the last bars are decreasing and I would like it enters at the minimum price (low) of the latest bar. Indeed, if the next bar doesn't reach that minimum value of the previous one (low) I noticed that the conditions are changed for my TS and a lot of trades become losing trades. In my case this trick acts as a sort of filter.
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