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No, on a penny uptick, the bid would go from 50.01 to 50.02, so you would
go short at 50.02.
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
ed2000nl
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, December 17, 2003 1:47
PM
Subject: Re: [amibroker] Re: Interactive
Brokers / MOO orders / shorts
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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