Order types with the Backtester, R7.4

[wombat953]

I am wondering if it is possible to use order types of BUY STOP and SELL STOP to initate positions with the eSignal Backtester, R7.4.
Certain strategies such as the Alexander Elder Triple Screen Trading System - use this method for position entry.
thanks
George

[JayF]

George,

This could be done by...

if (close() >= vBuyStopPrice) // ... then do a market buy order

or

if (close() <= vSellStopPrice) // ... then do a market sell order

[wombat953]

Jay
Are you saying that the feature is not available, and it is necessary to code for it?

How does one tell the Backtester to BUY(SELL) at the Market? I see CLOSE(close price of current bar), MARKET(the misleadingly named Open price), and STOP or LIMIT prices.
Thanks
George

[JayF]

George,

"Buying at the market" in the backtester would best be done by using Strategy.CLOSE.

Remember that in a backtesting environment, there is no way to tell at exactly what price certain conditions were met that took place within a bar's data. All the backtester is aware of is that bar's OHLC data.

[wombat953]

Jaya - got it, thanks.
George