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What's
an 'Undetermined Trade' in RTTESS ?
If a price bar crosses the Stop Line and the Entry Point
on the same bar the software cannot distinguish which comes
first, from the bar data available.
Likewise
if a bar crosses the Stop Line and the Scalp Line on the
same bar the software cannot distinguish which comes first,
from the bar data available.
RTTESS
assumes the price action is moving with the signal and that
the price moved through the Stop Line before the Entry Point.
The software will then show the trade as Live.
'Undetermined
Trades' are indicated as such on the Back Test output and
also on the 'Right Click' option on the Trade Signal itself.
When
viewed in real time the above can cause the qualification
colour of a signal to change during the construction of
the bar.
As the
colouring of the 'Qualification of the Bar' is only a historical
indication it will not have any effect on trading in real
time.
If you
are experiencing may of 'Undetermined Trades' you may be
using a Stop Line that is too close to be effectively traded.
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Reference:
Q090501a
Written : 01 May 2009
Revised :
TESS Real Time - Version 1.1.74
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