Yes that statement is true for historical backtesting only.

Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message ----- 
From: "mo_means_go" <[email protected]>
To: <[email protected]>
Sent: Saturday, December 13, 2008 6:41 PM
Subject: [amibroker] Question on LastValue for Tomasz or others


> Tomasz,
> 
> I found a reply you made to a post in September where you stated the
> following:
> 
> 
> "Yes, because LastValue DOES look into the future and it actually
> looks ALL bars into the future.
> The user's guide of course says about that
> http://www.amibroker.comf?lastvalue
> "Caveat: since this function fills an entire data array with the last
> value of another array, it allows a formula to look into the future. ""
> 
> Although I'm not sure I totally understand this, I assume this would
> be true only in back testing and walk forward testing.  If used to
> only take trading signals as they actually occur, the future is now. 
> Am I correct that in fact it could be used in a trading system and
> that it could be "back tested" by paper trading in present time?  Thanks.
> 
> 
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