Is this a valid exit price condition?

[Adrian Miller]

Hi Jose,

I was wandering whether you could tell me whether this code is valid?

LongExitPrice:=If(LongExitPrice<H,H,LongExitPrice);

My exit condition for long trades is intraday : L < Ref(LLV(L,8),-1);

If I include the LongExitPrice:=If(LongExitPrice<H,H,LongExitPrice); condition, open trades are passed through to the Tradelog.

If I do not include the above code, all open trades are rejected at the Metastock explorer stage, and the error log contains the error code:

Exit price < Exit price low for those open trades. Does this code invalidate other results in the database (ie trades that are not open trades?)

The reason I ask is that the results are worse if I don't include this piece of code (less profit and increased drawdwon)

I have been unable to spot any errors in the tradelog with this code, but I seem to recall reading somewhere that this piece of code should not be used.

Can you enlighten me please?

Thanks for your help in advance

Adrian

[Jose]

Without looking at your complete code, I would say that it is using hindsight. i.e., trades exit retrospectively on the High of the signal day.


jose '-)

[Adrian Miller]

Hi Jose,

You are correct. Found out myself

Thanks for confirming

Adrian