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Amibroker and backtesting UK stocks priced in pennies

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chipotle

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27 January 2013
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Hi.

I've tried all I can but can't find a solution to this. Can anybody help please?

  • I'm trying to backtest UK stocks
  • UK stocks are priced in pennies eg BHP on the London market is displayed and priced at 1657 (16 pounds and 57 pennies)
  • I run a backtest and say this position size is for $5000 of BHP.
  • Amibroker backtest showss 3 shares bought as it doesn't know that the price is in pennies (whereas it should be buying 300 shares)
Unfortunately all of my data is a daily ASCII import and I'm trying to backtest 10 years of data so I can't even try and insert decimal points in each daily text file.

Does anybody know of a workaround in Amibroker or elsewhere to counter this decimal issue?

Thanks!
 
Just to answer my own question I increased my equity by 100 and also my commision per trade by 100.
This seems to be a workaround.
 
Hi

Why cant you use $50000 to present $500.00 ?

Where do you down loading UK penny shares information ?
 
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