chip
67 posts
msg #57505
- Ignore chip |
12/4/2007 9:13:49 AM
Please forgive what will seem to be a stupid question from a new guy ....
Does backtesting use intraday data when calculating entry and exit?
For instance, say my filter selected a single stock, XYZ and I had a conditional entry defined for open * 0.90 and an exit of profit stop of 5%. So if XYZ drops 10% I want to buy it, then sell when it's made 5%. Say the stock opened at 100. I want to buy if it hits 90, sell at 94.5. When the backtest shows entry and exit on the same day, can I be sure that it detected my entry condition of 90 before the exit condition of 94.5, and that the stock hadn't actually just made it's way down to 90 during the day, going through 94.5?
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