Candle Close

Kunjan

When i choose candle close in execution settings the first entry is taken after the candle close but in the same strategy after SL or Target i have put entry conditions those donot get executed at candle close. They get executed in between
Why should this happen?
In backtest results all entries are showing after candle close. This is causing backlash between backtest result for the same strategy & actual results.

Kunjan

In that case how can one avoid entries on freak trades or option premium spikes.
There should be a -1 candle close logic else lot of SL will get hit because of premium spikes.

varun

AlgoTest__Support__Sahil Hi Sahil, a small input .. kindly consider adding an option of SL should hit after candle close in live, if entry and exit is in same candle .. in backtest, there isn't any entry and exit in same candle (which is k bcos ohlc data cant hv sequence) but this happens often in live market if sl is 15 or 20pnts too

(happing in my strategy in live and i m k to take little bigger loss which wud happen cos of this bt atlst it would match with backtest)

AlgoTestSupportSahil

Hi @Kunjan

You suggestion is noted. Will look into this.

AlgoTestSupportSahil

Hi @varun

Your suggestion is noted. Will definitely consider this in future.

karan

AlgoTest__Support__Sahil Hi Sahil.. Kindly add an option to fire the stop loss order to the broker only after the close of the entry candle. If the price moves beyond the stop loss before closing of the entry candle, then the stop loss price should be on the open price of next candle.

And stop loss has to be trailed after the candle close.

All the suggestions made above are based on option premium price . I believe it can almost match backtest results if implemented like mentioned above. Kindly consider it in future

AlgoTestSupportSahil

Hello @karan,

Thank you for your suggestion. It has been noted, and we will definitely look into it.

8593940872

Hi,
Let me first state what I understood about how 'candle close' works when SL is hit: let's say the SL is 50 and LTP touched 50 at 10:01:30. In this case, the SL leg will be exited at 10:01:59 with the LTP of 10:01:59.

If I am right about this, my suggestion would be: The check for SL should happend at candle close and the trade happens then and there. (In short, whatever happens between the minute is ignored and the system should execute checks and trades at candle close.

Just for clarification: Isn't this what is happening with the backtest? If not, please let me know whether the backtest works the same way as the 'candle close' setting works now.

AlgoTestSupportSahil

Hi @8593940872
During backtesting, it is important to note that not all features are based on the candle close. For instance, premium-based Stop Loss (SL), Target (TGT), and Trailing Stop Loss (TSL) are calculated on the basis of the high and low of 1-minute candle whereas some features like Re-ASAP, Re-Momentum, etc. are based on the candle close to check the re-entry condition. Therefore, Candle Close is not implemented on features which are not based on it in backtest. To know on which features candle close is implemented and how it works, you can read our blog by visiting https://algotest.in/blog/candle-close-implementation-on-algotest/.