Topic: Remove "Use Previous Bar Value" Option
I know you mentioned that to remove "use previous bar value" is attempting a "financial" suicide.
However, for 1min time chart use, the difference won't be too great an impact right to be considered as a suicide attempt right?
By removing the "use previous bar value" isn't I maximizing the use of tick data?
A tick chart will also allow you to “see” more trade information and work particularly well with cycle analysis. If you’re waiting for the close of a bar to enter a trade, say a breakout, a tick chart will get you in earlier.
By restricting the FSB to calculate strategies and enter into position only after the "use previous bar value" isn't that defeat the very purpose and importance of using tick data instead of min data or worse, 4 hourly data, i.e, waiting for the 4 hour bar to close before executing a trade?
I would prefer instead of "forcing" FSB users to "use previous bar value", please consider keeping it as an option. Furthermore I don't agree with the concept behind the use of this function. Because we compromise trade accuracy for "statistical" stability. It defy real trading practice, especially for any strategies that use beyond 30min time FSB time chart (unless you are a position trader who trade long term, tick data may not seem so important to such traders. But for scalper trader, time is of the essence and every tick counts).
Maybe that's explain why sometimes FSB profit/statistical results differ so much from real/demo trading results because of this function (that's just my guess for the discrepancy. Otherwise, what other probably reasons could there be? And if there are so many other probably reasons then where is the yard stick whereby we can use to measure or develop our strategies if all these statistics are so arbitrary).
If I can't develop EA based on the FSB statistical results because there are so many factors that could explain why such discrepancy between FSB results and demo/live trading, then what's the strength of FSB back testing for? What's the point of using tick data when "use previous bar value" interfere with the calculation or execution of an EA.
As for me, I've been using FSB to input my trading theory and I try to tweak my EA to get the best results from FSB but sometimes, I just go ahead and use my EA even if FSB results aren't good because I trust my trading theory more than I trust FSB results. My sympathies go to those who are trying to use FSB to figure what works and what doesn't. FSB spectacular results but EA crash the demo account when put to test. And if we can't rely on FSB results then it's such a daunting task and discouraging often times. Now and then, we will have new users crying out loud "what's going on?, What's wrong? I believe you are well aware of such discrepancies. Most likely also figuring out a solution.
There must be somewhere that aren't right in the FSB calculation. I really can't figure out what it is but to say the least, maybe "use previous bar value" may be the 1st area to look into. It may be something else...whatever it is, let's work on reducing the discrepancies so that we can truly rely on FSB results.
Lastly, the onus is on the traders to exercise caution when testing out their EA on a real account. If a trader is not wise, he is not wise...It doesn't matter whether they "use previous bar value" or not to commit a financial suicide.
For the sake of experimental growth, let FSB users have the choice to "use previous bar value" or not. Moreover, FSB is a platform for all to do testing and breaking paradigms in our trading perspectives. No harm having more options to venture into. I may be wrong about "use previous bar value" as the factor for the discrepancy but still I would like to have it as an option rather than being "forced" to use it.
Despite all these...FSB is still far superior than any products out there. And without FSB, my trading theory would be just a fraction of my imagination...but with FSB, it's a reality. And I'm grateful to you for all your efforts and impressed by your genius, expertise and professional dedication. Don't get me wrong, I'm just trying to figure out how to give my feedback in ways to make FSB even better. And I never regret a single bit of buying the life time membership. I'm a long time supporter of FSB and will always be