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Has anyone commented this coding mistake?
The wrong part is the position basis.It can be compared with the code
provided in ts2000.
If I am correct all the built in stops have not been coded correctly.
{*******************************************************************
Description : BreakEven Stop (Long Exit)
Provided By : Omega Research, Inc. (c) Copyright 1999
********************************************************************}
Inputs: BreakEvenFloor(500), PositionBasis(True);
Variables: ProfitCalc(0), OrderPrice(0);
IF PositionBasis = True Then
ProfitCalc = MaxPositionProfit
Else
ProfitCalc = MaxContractProfit;
OrderPrice = EntryPrice;
IF ProfitCalc >= BreakEvenFloor AND MarketPosition = 1 Then
ExitLong ("BkEv") Next Bar at OrderPrice Stop;
----- Original Message -----
From: "Bengtsson, Mats" <mats.bengtsson@xxxxxxxx>
To: <fritz@xxxxxxxx>; "Omega-List" <omega-list@xxxxxxxxxx>
Sent: Tuesday, July 17, 2001 19:04 PM
Subject: RE: Special thread for Pierre Orphelin, the man who do not want t o
see
> Thank you. Maybe you can get through to him. Actually, the example uses
only
> 5 digits, so price data is only accurate to 5 digits, the value he himself
> states as reasonable.
>
> > -----Original Message-----
> > From: Gary Fritz [mailto:fritz@xxxxxxxx]
> > Sent: den 17 juli 2001 15:49
> > To: Omega-List
> > Subject: RE: Special thread for Pierre Orphelin, the man who
> > do not want to see
> >
> >
> > > If your system is so sensitive to epsilon rounding effect,
> > yous system
> > > will ot be stable over unseen data, where the precision of the
> > > considered data is far below the epsilon value.
> >
> > Pierre, listen to what Mats is saying.
> >
> > 1. He is not looking at his system, he is looking at Omega's DMI.
> >
> > 2. Omega's DMI produces DIFFERENT RESULTS than DMI written in C++.
> >
> > 3. The errors accumulate, and the results are SIGNIFICANTLY DIFFERENT
> > in Omega's DMI than in a C++ implementation of DMI.
> >
> > If Mats is correct (I haven't spent the time he has to verify it),
> > then it seems clear to me that Omega's code is in error, and the
> > erroneous code can produce incorrect trading decisions even if you
> > don't assume your price data is accurate to 10^-7.
> >
> > Gary
> >
>
>
> This message contains information that may be privileged or confidential
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>
>
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