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Originally Posted by cdysthe
I have spent a lot of time studying Phoenix and setting it up. One setting I do not fully understand is "UsePrefSettings". Which prefs is it referring to when set to true, and why should it be "true" for forward testing and live, and "false" for back testing? I have read both the original manual and the optimization guide, but I still have problems with this.
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Basically, to avoid file with settings, most settings are included into the code. PrefSettings=true is like 'point and shoot' digital camera. All settings included, will work automatically, don't worry for darkness, speed of the object.... just use it.
When backtesting, then you will need to change and play with many settings, while looking for best result, so you are turning off your automatic point and shoot camera and you are start using manual settings. Hence PrefSettings=false
More about settings: "The ultimate Guide2" starting page 8.
Oh, just remembered. First manual, for Forex 2007 (contest) there was sentence, that for forward testing/live trading you *have* to have set PrefSettings on true. I'm not sure if this was ment as *have to* or was only ment for most cases. I believe, you can turn PrefSettings off if you wish, using your own settings for forward testing. Let me correct someone if I'm wrong.