My strategy has conditions based on close like position close -1 but I am confused regarding the setting of trade price in backtest. Should i select open or close ?
Hello,
The setting of Trade price in backtest is basically the price you want the trade to be taken at.
In your case, open can be selected as after the condition is satisfied ie. close basis, the trade is to be taken at the open of the next candle.
In most cases, Open can be selected.
You can read the backtest blog for more info -https://blog.tradetron.tech/node/34
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