Topic: Can EA Studio create entry rules on breakouts?
It seems not possible but i try.
Reading the doc i learned that a reliable backtest must open/close positions at OPEN PRICE, to avoid look-ahead problem etc.
But, working with open price only causes the loss of many opportunities, or rather, entering the market too late.
Let's suppose a very simple breakout strategy based on:
- BUY when the price is above the previous high,
- SELL when the price is below the previous min.
I think that strategy cannot be generated because if we must look at OPEN PRICE and the next candle breaks the previous min or max we will miss that opportunity if it does not happen at OPEN PRICE.
Look at the image.
Can we do nothing to enter a position at that breakout?
Maybe, It will entry on the next one candle but, it is too late i suppose.