I have just starting using Amibroker and am confused on the mechanics of applying a system developed with end-of-day data to the electronic futures markets. I am currently working with a trial subscription to Norgate premium data. I would like to scan for signals at night and enter trades on the Open ( I have a day job ).
I just realized that the data for Currency and S&P500 futures uses 5:00PM as the Open for the trading session. The data is not available to download until 7:30PM each night. Therefore, by the time I am able to scan for a signal to Buy on Open, I have already missed it by at least a few hours. Am I missing something here? I don't see how this data alone can be used to accurately backtest a system that can be reproduced in the real world. Do any data providers provide a way to alter the Open and Close times to simulate a "day only" trading session? Do I need real-time data? Thanks, -JP
