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That didn't solve the problem Dingo.
For example:
Open long position 8/15/02 at 24.24 and stopped out at the open on
8/29/03 at 23.03 for a loss of 5%. However, the open on that day was
23.2 and 23.03 wasn't hit until later the same day. The system then
went short at the open on 8/29, so again it looked some hours into
the future.
Puzzling?
Keith
--- In amibroker@xxxxxxxxxxxxxxx, "dingo" <dingo@xxxx> wrote:
> Uncheck the 2 options you describe at the end and see what happens.
>
> d
>
> -----Original Message-----
> From: Keith Bennett [mailto:kbennett@x...]
> Sent: Monday, September 15, 2003 3:14 PM
> To: amibroker@xxxxxxxxxxxxxxx
> Subject: [amibroker] Re: Big time problem with trade exit.
>
>
> Thanks Dave, and it's probably me doing the misunderstanding.
>
> A long position may span many days. If, at any time, the LOW is
below
> MyLongStop then exit the trade at the next day open - otherwise
> remain in the trade until the next Sell signal.
>
> Similarly, a short position may also span many days. If,at any
time,
> the HIGH is above MyShortStop etc. etc.
>
> The stops are intended to limit losses to 5% although the actual
loss
> may be more or less because the Low/High isn't known until eod.
>
> As you can see below, I have been trying to achieve this using
> ApplyStop but I seem to be looking into the future.
>
> Hope it's clear and if you, or anyone, have any suggestions they
> would be appreciated.
>
> Keith
>
> --- In amibroker@xxxxxxxxxxxxxxx, "Dave Merrill" <dmerrill@xxxx>
> wrote:
> > uh, that was supposed to be "sorry if *I* missed the point...
> >
> > dave
> > 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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