Using ASK & BID

[Phillip]

As total NEWBIE

Just seeing If I can get get some basic understanding, by experimenting
I added a condition if ASK > high of last candle, buy now

when looking in Strategy tester, it opens a buy but not very time the condtion is true

I guess its something basic, can someone put me straight

Ta

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Dreema2.png
Dreema1.png

[fxDreema]

Buy trades are always open at Ask price, while the chart is made out of Bid prices. Ask is a little bit above Bid, depending on the spread. Maybe this leads to your confusion

[Phillip]

Hi Thanks for replying

I'm OK with Charts beinf BID etc
At the bar I've pointed out below, the ASK will have been higher than the previous candle high during this bar, so I don't get how it doesn't open a trade

I'm missing something else I think

Kind regards

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BidAsk.png

[fxDreema]

You are probably backtesting this on Open prices only mode, because if you try this on "Every tick" you should see huge amount of trades opening one after another. If this is not the case, something else is not right, you are probably backtesting the wrong EA or something like that.

I also made this EA and the results are as I would expect - https://fxdreema.com/shared/QQaCHeO3d And yes, this is not the desktop version, but it should be the same on the desktop version

Anyway, I think it's better to work with Candle Close [0] instead of Ask/Bid/Mid. Candle Close [0] is the current Bid, but it's also that level you can actually see on the chart. You are comparing this with Candle High [1], which was also Bid in the past. It's more intuitive to just work with these candle levels.