Comment on Trading Systems

Nithin Kamath commented on 06 May 2013, 02:38 AM


You cannot take an EOD/Daily chart live, you are allowed to take live only intraday strategies.

While backtesting, you would open a historical daily chart. When you do this, it will show buy/sell indicators.

In a daily chart, any buy/sell indicator would be generated only after the day’s closing. So what you will have to do is in the evening when you are doing your research and see an indicator, you will have to manually place the order the next day.

So in Jest, if you are looking at strategies on EOD or daily chart

1. At the end of everyday, run a backtest.

2. if you see a signal generated after today’s closing, executed it manually tomorrow.

Hope this clarifies.

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