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Pal,
It has been an interesting day of reading posts on this board.
Since you seem to have hijacked the forum... do you suppose that we
might be able to return to AB related subjects?
Highest Regards,
Phsst
--- In amibroker@xxxxxxxxxxxxxxx, "palsanand" <palsanand@xxxx> wrote:
>
> > p> Sometimes, the best price to enter is at the Market on Open
> (Previous
> > p> days close price), if the signal is strong, else it is prudent
> only
> > p> to enter at High of Day/Low of Day, i.e., sometimes the Market
> opens
> > p> and the open price is the Low/High of day or very close to it if
> the
> > p> Buy/Sell signal is strong, so that the Low or High of Day
> predicted
> > p> by the formula I referred earlier is never touched.
> >
> > Pal . . . I need a translator of some foreign language to understand
> > what on God's earth this could possibly mean above. i.e., 'Market
> on
> > Open' does NOT, and never will = 'Previous days (sic) closing
> price'.
> > You seem to be saying it does.
>
> You should always try to enter at Market on Open which should ideally
> be previous Days Close price. 99% of the time your order gets filled
> if your signal system is not a lagging indicator and gives signals
> one day before the market moves as mine does... This avoids the
> practice of chasing the markets, increases profits, reduces
> drawdowns... Actually, I used to pyramid/pillar my losing positions
> entered at MOO, because previously I was not able to accurately
> measure the strength of the detected signal, but now I do not
> pyramid/pillar my positions, as I have optimized my entry points...
> >
> > And it would **ALWAYS** be "prudent" to enter at the High of the day
> > or the Low of the day. Always. Not "else". ^^_^^ But I doubt
> > seriously you or anyone else can.
>
> That is my main point. Sometimes the High/Low of day is the Open
> price or very close to it if you have a sufficiently strong signal,
> otherwise if you have a weaker signal you have to enter at predicted
> High/Low of Day... Sometimes the weaker signal turns into a good
> Long term one. So I can't cherry pick signals... I have to trade
> every damn one of them...
>
> The formula I referred is quite good in predicting High/Low of Day.
> Sometimes, the predicted High/Low of Day is exceeded, so you should
> have sufficient equity to withstand the volatility. I do not have
> more than 42% of my Usable Margin invested at any one time. I need
> the rest 52% to withstand the volatality. Ideally, you should have
> 100% invested and make consistent gains to maxmize profits...
>
> >
> > p> Actually, this formula is in the AFL library. It is the Pivot
> Points
> > p> Support and Resistance. It is heavily used by the Floor
> traders...
> >
> > Wait a minute. You're going to refuse to reveal a formula that's
> > already in the AFL library???
> >
> > Oh boy . . . I sure am missing something here.
>
> No. I said I cannot reveal the formula for the signal detection
> system, not the formula for predicting the High/Low of day...
>
> Regards,
>
> Pal
> >
> > Yuki
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