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I'm probably misunderstanding something basic here, but why not skip the buy
in that case, instead of entering it and exiting later the same day? in
other words, add the condition Ref(Low, -1) > MyStop to the buy condition.
or are you trying to make a profit on that partial day when this sequence
happens?
sorry if you missed the point...
dave
> It would be nice to exit longs at the open if you knew your stops
> would be hit later in the day. That seems to be what I'm doing with
> the following illustrative code.
>
> Cl = Foreign("QQQ","Close");
> BuyPrice=SellPrice=ShortPrice=CoverPrice=Open;
> SetTradeDelays(1,1,1,1);
> ApplyStop(stopTypeLoss,stopModePercent,5,True);
> Buy = Cross(EMA(Cl,5),MA(Cl,15));
> Sell = Cross(MA(Cl,15),EMA(Cl,5));
> Equity(1);
> Short = Sell; Cover = Buy;
> Equity(1);
>
> What I'm trying to do is to trade QQQ at the open as called by my Buy
> & Sell conditions, but to exit the trade at the open if the previous
> day's low was below my stop, and then wait for the next trade signal.
>
> The 1/7/03 long position (with a 5% StopLoss) was closed at the open
> on 1/21/03 but the stop wasn't hit until later that same day :-(
>
> Does anyone know how I should change the code so that it activates
> the stop based on the prior day's bar?
>
> I have the range set for 01/01/02 to 09/12/03. In Settings I
> have "Activate stops immediately" and "Allow same day exit" checked.
> I'm using eod data.
>
> Keith
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