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Forums>StrategyQuant>General Discussion>SQX On bar open / every tick parameters?

  • #236334 |
    Customer
    16 Posts

    Which option in SQX enables strategy to operate on every tick vs open bar?

    #236348
    tomas262
    Administrator
    1826 Posts

    Hello,

    it is basically about minimum shift setting being used.

    When you set minimum Shift = 0 you allow to create conditions that check for the indicator value on the latest current bar. Conditions are usually evaluated on bar open, but most of the indicators use bar close to compute their value. So the value of indicator on bar open (For example CCI(14) could be very different from its value at the end of the bar. For this reason we think it makes more sense to set Minimum Shift to 1, this way on bar open (when conditions are evaluated) you’ll get indicator values from the previous bar that just finished, and the indicator value was computed and final.

    #236349
    Customer
    16 Posts

    Hi Tomas,

    So it means that if i set Shift to 1, then lets say for H1 strategy there is no reason to use lower time frame for retest (i.e. M1 or Tick)?

    Hello, it is basically about minimum shift setting being used. When you set minimum Shift = 0 you allow to create conditions that check for the indicator value on the latest current bar. Conditions are usually evaluated on bar open, but most of the indicators use bar close to compute their value. So the value of indicator on bar open (For example CCI(14) could be very different from its value at the end of the bar. For this reason we think it makes more sense to set Minimum Shift to 1, this way on bar open (when conditions are evaluated) you’ll get indicator values from the previous bar that just finished, and the indicator value was computed and final.

    #236359
    tomas262
    Administrator
    1826 Posts

    Minute/tick data allows you to evaluate order fills more precisely compared to selected timeframe precision

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