back-testing strategy with exact price points

[Tripp232]

is it possible to back-test a strategy in which Entry and Exit points are an exact price.
and all that would have to be done is an input of
1)Entry long or short @ price.
2)Exit @ price Trgt(trade Finished) or Tier in @ second price target(catching a falling knife)> New Exit price.
Cover @ Price

the basis of what im inquiring about is using plotted horizontal lines/exact prices as buy and sell points.

for example:
1)Stock xyz Entry 100 shares @ 10.00(target Long entry price)(tier 1)
2)if xyz advances to 11.00. then Entry Sell Limit order @ 11.00(trade is over) Yet..
3)if xyz comes down to 9.00. Entry 100 shares @ 9.00(tier 2)
4)if xyz Rebounds to 10.00 then Entry sell 200 shares limit order @ 10.00(trade is over) yet..
Repeat line 3.. or Exit trade.

been searching for months for a way to do this. any if at all help, insight, direction, etc, would be greatly appreciated.

Namaste
-Tripp

[ACM]

Re: back-testing strategy with exact price points

Tripp
You would do that using Strategy.LIMIT or Strategy.STOP
You can find a complete description and detailed examples on how to use these in the Back Testing Tutorial 1-3 which are provided in the Help Guides and Tutorials folder of the EFS KnowledgeBase
Alex

Originally posted by Tripp232
is it possible to back-test a strategy in which Entry and Exit points are an exact price.
and all that would have to be done is an input of
1)Entry long or short @ price.
2)Exit @ price Trgt(trade Finished) or Tier in @ second price target(catching a falling knife)> New Exit price.
Cover @ Price

the basis of what im inquiring about is using plotted horizontal lines/exact prices as buy and sell points.

for example:
1)Stock xyz Entry 100 shares @ 10.00(target Long entry price)(tier 1)
2)if xyz advances to 11.00. then Entry Sell Limit order @ 11.00(trade is over) Yet..
3)if xyz comes down to 9.00. Entry 100 shares @ 9.00(tier 2)
4)if xyz Rebounds to 10.00 then Entry sell 200 shares limit order @ 10.00(trade is over) yet..
Repeat line 3.. or Exit trade.

been searching for months for a way to do this. any if at all help, insight, direction, etc, would be greatly appreciated.

Namaste
-Tripp