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Phsst;
Scottrade supports all but Mkt on Close, End of
Week, End of Month. Nor trailing stops, the thing I'd like to see added
next. The others are supported.
Richard
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Phsst
<phsst@xxxxxxxxx>
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, February 23, 2003 9:08
AM
Subject: [amibroker] Re: cannot buy on
open
<<Would you mind sharing the name of the broker you
use to place theseorders?I do not think I can do this with my current
broker, Scottrade.>>Almost all brokers support the orders I
use... Datek, RJT, ETrade,AmeriTrade, etc. The Order parameters from
Ameritrade include:Position - Buy, Sell, Sell Short,
CoverTerms - Market, Limit, Stop, Stop LimitGood For
- Day, GTC, Mkt on Close, End of Week, End of
Month, Good
ThroughDateSpecial - All or None, Do not Reduce, Fill or Kill,
I rarely trade during the day, preferring to make my trading
decisionsusing EOD data and placing those orders online that night for
next dayautomatic execution. Each night I review all open
positions and manually place (or adjust)trailing stop loss orders using
'Sell' / 'Stop' orders. I use GTCorders for stop loss purposes so that if
I happen to be away for a dayor more, then I have absolute protection even
though I may not have'tweaked' the trailing limit price.Nothing
fancy.But I want my backtesting software to be able to simulate all of
theavailable EOD Order stradegies from within code or AFL without
havingto change parameter settings from a Settings window every time I
wantto test a new combination. Phsst--- In
amibroker@xxxxxxxxxxxxxxx, "Rik Rasmussen" <hrasmussen@xxxx>
wrote:> Phsst,> > Would you mind sharing the name of the
broker you use to place theseorders?> I do not think I can do this
with my current broker, Scottrade.> > Rik Rasmussen>
> > > -----Original Message-----> > From: Phsst
<phsst@xxxx> [mailto:phsst@xxxx]> > 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,> >> > PhsstPost
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