Hello

With Multicharts, IntraBarGeneration = true & Bar Magnifier = 1 pip seem to do the same job in backtesting, to enhance the precision of a backtest.

Are they the same? I may have a conflict when both are used in a signal.

When or how should I use then ?

Martin

Bar Magnifier will let you use something like a minute or day chart and then it will behind the scenes "magnify" that bar using tick data so you can accurately determine what happened inside of 1 bar when needed. It does this so it knows the order of the OHLC. Without it, you can't determine the order of the OHLC (think about it: was the high made before or after the low, etc) which is obviously very important for profit targets and stop losses.

IOG lets you send signals intrabar, so instead of on bar close to do some action, you can do it in the middle of a bar. If you have a 30 minute bar and only 1 minute into the bar your <xyz> crossover occurs or whatever, it can send the buy signal right then instead of waiting for the 30 minute bar to close.

Hope this isn't something fundamental that I've overlooked, but I haven't been able to figure out how to open/close a position intrabar?
The Easy/Power-language manual only show me the "on close/on next bar".

Many thanks,
cc

With IntraBarOrderGeneration "on close / on next bar" is actually the next tick...

thanks bibulous, I was editing my post while you were writing your answer. any idea about the problem above.
I can compare high, but I only know high when the bar closes, and using last seems to give me some unexpected results.

many thanks.

hmmm.. from the top of my head (with IOG=True):
vars: intrabarpersist myMA(0);

if BarStatus = 2 then begin
myMA = average(C, 200);
end;

if C > myMA then buy ("LONG") next bar at market;

Or you could do it like Mike said even without IOG and using limit orders instead..