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Could be you are right but that would mean that if
the bid upticks from 0.01 to 0.02 on a 50$ stock I would have a short position
at entry price 0.02. If that happens I'll be flying out of the window :)
But possibly in theory it could happen.
rgds, Ed
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Al
Venosa
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, December 17, 2003 7:37
PM
Subject: Re: [amibroker] Re: Interactive
Brokers / MOO orders / shorts
(it is a bit of a mystery how I got my shorts at
the exact open price then ....).
Ed,
It is my understanding, and I may be all wet, that the uptick rule is in
regards to the bid, not the ask or the trade price. So, if the bid upticks,
then you can go short. Perhaps this is why you got filled at the exact open.
Al V.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
ed2000nl
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, December 17, 2003 1:32
PM
Subject: Re: [amibroker] Re:
Interactive Brokers / MOO orders / shorts
Additional remarks: The orders that were executed on the
Nyse have beenexecuted EXACTLY on the open price (mind you this is a
test with smallorders of only a 100 shares each).The uptick
ruling in the case of SHORT transactions basicly is an insurancethat you
will not short the stock at rediculous prices since the transactionis
only executed at a HIGHER price as the previous transaction (it is a
bitof a mystery how I got my shorts at the exact open price then ....).
Today Ihad enough time to execute the shorts that did not go at even
morefavourable prices.Sofar MOO seems pretty good. If there is
NO uptick or NO transaction within30 seconds after the market opens, the
order is cancelled. That is the onlyproblem. So one has to do a bit of
manual labor just after opening after all...regards,
Ed----- Original Message -----From: "ed2000nl"
<pablito@xxxxxxx>To: <amibroker@xxxxxxxxxxxxxxx>Sent:
Wednesday, December 17, 2003 4:03 PMSubject: Re: [amibroker] Re:
Interactive Brokers / MOO orders / shorts> here my
report.>> according to my system I had to enter at the open
(about 20% of theaccount> is divided amongst each
symbol):>> Short positions:> KO> ETM>
GPM> UVN>> Longs positions:> S>> I
placed MOO order directly to Nyse>> Executed were at 2
separate accounts (same prices on both accounts).> short position ETM
at 51.52 (official open price 51.53)> short position UVN at 38.89
(official open price 38.90)> long position S at 43.52 (official open
price 43.51)>> Not executed are KO and GPM>> I
managed to get in manually in a short KO at 50.60 (slightly better
than> the open price). Still working on GPM>> I am a
bit disappointed not all orders went through,>> regards,
Ed>> ----- Original Message -----> From: "ed2000nl"
<pablito@xxxxxxx>> To:
<amibroker@xxxxxxxxxxxxxxx>> Sent: Wednesday, December 17, 2003
1:24 PM> Subject: Re: [amibroker] Re: Interactive Brokers / MOO
orders / shorts>>> > John,> >> >
today I will try it out (small orders only). The MOO test on the
Nasdaq> was> > not too bad. Only a few cents off (+ or -)
with respect to the"official"> > open price where on average I
would expect to be able to use the open> price> > in my
calculations.> >> > Today I am going to trade Nyse
stocks only. I set my orders already and> they> > are
directly routed to the NYSE (9:30 am). Can't find it at the
momentbut> I> > read that this order should be executed
in a "bulk" order at the open> (other> > then MOO orders on
the Nasdaq)...... hope I am not wrong about that(only> >
playing with small money)> >> > ..... will let you know
..> >> > rgds, Ed> >> >> >
----- Original Message -----> > From:
<jea55129@xxxxxxxxx>> > To:
<amibroker@xxxxxxxxxxxxxxx>> > Sent: Wednesday, December 17,
2003 12:52 PM> > Subject: [amibroker] Re: Interactive Brokers /
MOO orders / shorts> >> >> > > Ed,>
> >> > > Let us know how it turns out, but I have a
feeling it won't be in> > > your favor. Yes, you will get
filled. But at what price. Everyday I> > > see market orders
get filled far away from the bid and ask. Sometimes> > > a
point and more. And I am talking about equities with lots of> >
> volumn, msft,amd,etc...> > > I used to do market orders at
eod. They'd get me some times. But most> > > times the gap in
the next am would take care of it.> > >> > >
Regards,> > >> > > John> > > --- In
amibroker@xxxxxxxxxxxxxxx, "ed2000nl" <pablito@xxxx> wrote:>
> > > Herman,> > > >> > > > I hope
you didn't have these problems when trying to short stocks> > >
on the Nyse/Amex using MOO orders. This is what I am going to try>
> > today. If this doesn't work either then those MOO orders are a
joke.> > > But as I understand on the Nyse/Amex the specialist
gets all MKT> > > orders on the open together, thinks of some
nice price and executes> > > them. So today they should go. If
it works then basicly these> > > backtests in AB are pretty
exact. No slippage only commissions ...> > > >> >
> > rgds, Ed> > > >> > > >
----- Original Message -----> > > > From: Herman
vandenBergen> > > > To:
amibroker@xxxxxxxxxxxxxxx> > > > Sent:
Wednesday, December 17, 2003 8:48 AM> > > >
Subject: RE: [amibroker] Interactive Brokers / MOO orders / shorts>
> > >> > > >> > > >
Hello Ed,> > > >> > > > My Short
OPG orders were cancelled after 15 seconds, I also> > >
inquired, see below. I never had a problem with Long orders. I think>
> > ETFs are also excempt from the uptic rule.> > >
> Dear Trader,> > > > In response
to your inquiry our programmers have informed me: 15> > >
SECONDS.> > > > Sincerely,> > >
> IB Customer Service> > >
> -----Original Message-----> > >
> From: ed2000nl [mailto:pablito@xxxx]>
> > > Sent: December 17, 2003 3:05
PM> > > > To:
amibroker@xxxxxxxxxxxxxxx> > > >
Subject: Re: [amibroker] Interactive Brokers / MOO orders /> >
> shorts> > > >> > > >> > >
> Herman,> > > >> >
> > on my question how I could be assured a
list of stocks to be> > > shorted on the Nasdaq would indeed be
triggered, IB says:> > > >> > >
> > This will be a difficult task as you will
need an uptick at> > > the open. If a market on open or limit
on open order is not filled> > > >
> in 30 seconds IB will cancel the order.> > > >>
> > > but there must be a way to do it but
for sure I can not do it> > > by hand because I have several
accounts to work on ..... one woud> > > think that to buy a
stock one would have a similar problem on the> > > Nasdaq.
However ALL my longs were triggered on ALL my accounts.> > >
>> > > > regards, Ed> >
> >> > > > -----
Original Message -----> > >
> From: Herman vandenBergen>
> > > To:
amibroker@xxxxxxxxxxxxxxx> > >
> Sent: Wednesday, December 17, 2003
12:54 AM> > > > Subject:
RE: [amibroker] Interactive Brokers / MOO orders /> > >
shorts> > > >> > > >> > >
> Try higher volume stocks. You need
to define why the order> > > wasn't filled, email IB for
perticulars (from your TWS). Usually it> > > is either the
uptick requirement of the volume that makes the Short> > >
order expire, sometimes it is an IB error :-)> > > >>
> > > h> > >
> -----Original
Message-----> > >
> From: ed2000nl
[mailto:pablito@xxxx]> > >
> Sent: December 16, 2003
11:24 PM> > >
> To:
amibroker@xxxxxxxxxxxxxxx> > >
> Subject: [amibroker]
Interactive Brokers / MOO orders /> > > shorts> >
> >> > > >> > >
> hello,> >
> >> > >
> having a system that
seems to work fine is only useful if> > > one can use it in the
"real" world. I wonder if there are people> > > using
Interactive Brokers (IB) who have solved some practical> > >
problems.> > > >> > >
> first you need to
backtest a system using a list of stocks> > > that actually are
allowed to be shorted. I have the list so that> > > problem is
solved hopefully. How reliable is this list. Is it updated> > >
or does one run into stock one cannot short after all.> > >
>> > > >
Then there is the problem of the orders. Since I use open> > >
prices in a current system I am testing I use MOO orders. They are>
> > actually designed to be used on the Nyse and Amex but I only
used> > > them on the Nasdaq and I get a price pretty close to
the actual open> > > price when I place a MOO buy order (for
small orders). But SHORT> > > orders were not executed (on the
Nasdaq) because the 30 sec time> > > limit was exceeded
..... So I am pretty comfortable with the LONG> > >
orders but would like to know how people place SHORT orders at the>
> > OPEN with Interactive Brokers,> > > >> >
> > regards,
Ed> > > >> > > >> > >
> Send BUG REPORTS to
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