That's a great approach for a backtest. Thanks for mentioning it here! The accuracy should be the same in each case, if 1-tick data is used as the high-resolution reference in each case.
However, there is is difference in ease-of-visualization on the higher timeframe (HTF). I interpret Herman's comment about seeing past signals on the RT chart as pertaining to, say, a 1m, 5m or 15m chart, rather than a tick or second chart. As a simple example, suppose an MA3 and an MA10, both on 5m TF, cross _during_ the current bar (with calculation based on the transient Last price). One might prefer to observe this trade on the 5m chart, either in real time or historically, rather than on a tick chart. An LIB/IOG implementation accomplishes the asked-about goal of "past signals on the RT chart" (any RT chart) reflecting the "actual trades made". This is "automatic" regardless of the timeframe of the chart, which is very convenient. >From a test-results-only point-of-view, LIB/IOG does not accomplish anything >not available in AB. --- In [email protected], "Tomasz Janeczko" <gro...@...> wrote: > > The same can be achieved (with GREATER accurracy), > by just using TICK data or one second data. Use TimeFrame functions to > generate > signals in ANY interval and run backtest on tick/1-second data. > You get 100% accurracy, reports are generated EXACTLY > (with millisecond resolution) and you get everything better > than on "other platforms". > > Best regards, > Tomasz Janeczko > amibroker.com > ----- Original Message ----- > From: "progster01" <progs...@...> > To: <[email protected]> > Sent: Wednesday, August 26, 2009 6:38 PM > Subject: [amibroker] Re: One chart instead of several ones. > > > > >well, it would be nice in live trading if past signals on the RT chart > > reflected actual trades made. If conditions at the last developing bar > > are not the same as all historical bars then this will not be the case. > > > > The platform features that are involved in representing evolving bar > > conditions during a backtest are commonly known as: > > > > 1. Look-Inside-Bar (LIB) > > 2. Intrabar Order Generation (IOG) > > > > These features are available on some other platforms, and they are quite > > nice to have. > > > > One caveat though is that you have to have available the higher > > resolution data in your Cache for the feature to work. IOW, you can't > > look-inside 5m bars to the tick level unless you have tick data. No > > surprise there. > > > > Also, backtests with LIB/IOG are _much_ slower, by a factor of > > approximately the ratio of base-bar to inside-bar data resolution. > > > > Nevertheless, where accuracy is a concern, these are great feature to > > have available. > > > >
