2000i will only re-calculate a strategy at the end of each bar. This means if you want TS to precisely keep to your strategy and to prevent the market going against you mid-bar you have to use tick charts.
However, tick charts can only display a maximum of 10 days data, so backtesting is impossible. So if you are automatically trading by sending your 2000i trading signals to IB, you have a dilemma.
The way I see it, you have 2 choices:
- You can use 1 minute charts for backtesting and live trading. This allows your live trading to be faithful to the backtesting you have done. But it also means you are only in control of your trading destiny once a minute - there will be mid-bar slippage.
-You could use 1 minute charts for backtesting, and tick charts for live-trading.
This allows your live trading to be faithful to your strategy, and there will be no mid-bar slippage. But your backtesting won't accurately reflect what will happen in real life.
Is anyone else in this situation? What have you done?
Perhaps the solution is to not use 2000i for backtesting at all, can anyone recommend a good product for backtesting? Do Tradestion 6, 7, and 8 also have this problem?
Thanks,
Brendan
However, tick charts can only display a maximum of 10 days data, so backtesting is impossible. So if you are automatically trading by sending your 2000i trading signals to IB, you have a dilemma.
The way I see it, you have 2 choices:
- You can use 1 minute charts for backtesting and live trading. This allows your live trading to be faithful to the backtesting you have done. But it also means you are only in control of your trading destiny once a minute - there will be mid-bar slippage.
-You could use 1 minute charts for backtesting, and tick charts for live-trading.
This allows your live trading to be faithful to your strategy, and there will be no mid-bar slippage. But your backtesting won't accurately reflect what will happen in real life.
Is anyone else in this situation? What have you done?
Perhaps the solution is to not use 2000i for backtesting at all, can anyone recommend a good product for backtesting? Do Tradestion 6, 7, and 8 also have this problem?
Thanks,
Brendan