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Phsst,
Would you mind sharing the name of the broker you use to place these orders?
I do not think I can do this with my current broker, Scottrade.
Rik Rasmussen
> -----Original Message-----
> From: Phsst <phsst@xxxxxxxxx> [mailto:phsst@xxxxxxxxx]
> Sent: Sunday, February 23, 2003 12:00 AM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: cannot buy on open
>
>
> Yuki,
>
> I've read the previous posts on this subject and feel the need to
> contribute to your side of the issue:
>
> AB is almost bulletproof on the technical indicators and triggers
> needed to initiate backtest trades...
>
> HOWEVER, I find that the ENTRY / EXIT stradegies of AB are not
> intuitive, and that a good bit of 'tweaking' and 'testing' is
> necessary to even attempt to come close to real-world orders for
> entry/exit positions of securities.
>
> For example, for years I have traded certain strategies as follows:
>
> After hours Buy or Short Limit order @ todays (EOD) close or "BETTER @
> OPEN".
>
> No StopLoss entered on day of order entry execution.
>
> After Mkt closes on day of order execution (and each day
> thereafter)... place trailing stop loss order .10cents above or below
> todays high or low (only if new stop moves in direction of position).
>
> The above has been a successful strategy with my own backtesting
> software and actual trading discipline.
>
> I cannot figure out how to accomplish the above in AB.
>
> And if folks are tolerant, I think I can come up with some other
> situations that have eluded me in past AB backtests that I can
> accomplish with my own software.
>
> And for those who wonder why I fool around with AB... TJ has done an
> unbelievable job on the many technical indicators that are needed to
> setup entry and exit signals that my own software is not capable of.
>
> I tend to still rely upon my own backtesting (called 'SIM') for
> verification of real trading stradegies, but only because I haven't
> figured out the more esoteric issues of AB Order/Entry issues.
>
> Regards,
>
> Phsst
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