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Hello!
Ok, maybe I wasn't clear enough. When you set up a buy condition in
AmiBroker, the buy price is set at the close price of the day. Same
thing applies for the sell price; it is set at the close price of the
day, for the day that the sell condition was found. I am fine with
buying at the end of the day, but I want to set a limit order the
next day (or whenever the condition for a sell is set). AmiBroker
will only let you sell at the end of the day. I want to sell
intraday, at a set price. If the high of the day is higher than the
set price I want, I want to sell at that set price, NOT at the close
price.
Yes, I do understand slippage, commission, unables, etc. I just need
to know if AmiBroker can be set up to sell at a price other than
open, high, low, or close.
BTW, 3% profit taking was a hypothtical. You are correct..with
slippage and commisions, returns would be less than 1%.
BTW, where did you get the 2% slippage figure? I have read about
slippage, but have never read about a figure to work with. I read it
had to do more with liquidity of the market. Just curious...
Regards,
Jared James
jjames@xxxx
--- In amibroker@xxxxxxxxxxx, "David Holzgrefe" <dtholz@xxxx> wrote:
> jj amibroker would need live data feed to do that
> the problem you describe is called slippage you may need to
calculate it
> when you do your forecast
> eg xyz buy at 10,000 at 1.00 = $ 10,000
> brokage $60.00 both ways $ 60.00
> slippage 2% total on entry and exit $ 200.00
> cost of trade $10,260
> break even at 1.026
> profit target ?? 1.03
> return on trade .38 %
> profit $40.00
>
> Not that you would make the trade if 1.03 was your projected
profit point
> with 2% slippage ..
>
> Thats how I TRY to treat every trade..
> before the trade is made determine
> S/L (stop loss)
> B/E (break even)
> project profit point .
>
> hope this help
>
>
> ----- Original Message -----
> From: <jjames@xxxx>
> To: <amibroker@xxxxxxxxxxx>
> Sent: Friday, December 29, 2000 12:32 PM
> Subject: [amibroker] Profit Taking?
>
>
> > Hello!
> >
> > I have a question about profit taking. Below is a piece of code
> > written for profit taking (Message# 637)
> >
> > 3. Sell after achieving X% profit:
> >
> > proftarget = 10; /* here you put percentage profit target */
> >
> > buy = cross( macd(), 0 );
> > buyprice = valuewhen( buy, close );
> >
> > sell = cross( 100*(close - buyprice)/buyprice, proftarget );
> >
> >
> > This works fine, if you plan to sell at the close of the day, not
at
> > the point (intraday) that the profit target was meet.
> >
> > My question is this: Is there a way to have AmiBroker set the
sell
> > price at the profit level, instead of the close, high, low, etc.
of
> > the day? For example if I buy at the close when XYZ = 100, and
> > profit level is 3%, I want to sell at 103. If the next day the
high
> > of the day was higher than 103 (say 105), but the close was 102,
> > AmiBroker sells me at 102, NOT 103 (my intended profit taking
level).
> >
> > I hope I have not confused anyone with this question. Any help
would
> > be greatly apprciated! BTW, I love this software!!!
> >
> > Regards,
> >
> > Jared James
> > jjames@xxxx
> >
> >
> >
> >
> >
> >
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