In back testing my brilliant, I am going to make a billion dollars strategy, I uncovered a bug in the profit target logic.
I am enclosing a screen shot of some back testing entries. Look at the bar on 7/22. The buy signal happens at 5 minutes before the close of the day and is entered at 1078.25. (3) The profit target is 1090 and is hit the next day. (4) The bar on the 22nd, never reached 1090.
On 7/19 however, the buy signal happens at 5 minutes before the close of the day at 1054.75. (1) The profit target is at 1060.75 which happened earlier that day, yet the back testing shows that it was hit and closed out. (2) Now the next day, that would have happened, but there is something in the logic of the profit target that is closing out the trade if the bar hits the target on the same bar. This happens on both long and short entries.
I am enclosing a screen shot of some back testing entries. Look at the bar on 7/22. The buy signal happens at 5 minutes before the close of the day and is entered at 1078.25. (3) The profit target is 1090 and is hit the next day. (4) The bar on the 22nd, never reached 1090.
On 7/19 however, the buy signal happens at 5 minutes before the close of the day at 1054.75. (1) The profit target is at 1060.75 which happened earlier that day, yet the back testing shows that it was hit and closed out. (2) Now the next day, that would have happened, but there is something in the logic of the profit target that is closing out the trade if the bar hits the target on the same bar. This happens on both long and short entries.
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