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>Hi Arthur,
>
>Thanks for the clarification...i am still not sure: are you trading based
>upon the options, or the underlyings, being gap candidates?
I'm trading the underlying - gaps like anything and offers wonderful
short-term opportunities - if you can trade it.
>if the former, some questions:
>
> a) what data source do you use for your option pricing data
Ah, I'm in Australia - so doubt that the info would be relevant to you.
> b) do you feed that data to Amibroker
No, I use an Australian charting package called Bourse -it has a live stock
prices/option price feed.
I did use AB when I had a try at intraday trading - but it's too intense
for me to do for any prolonged period of time - I got burn out after a few
months.
> c) do you incorporate Implied Volatility(IV) or the Greeks in your
>trading and do you feed those to, or calculate those in, Amibroker (I am
I'm not aware that AB has that sort of capability.
I only monitor 20 stock - so there is no real need for a lot of complexity.
I use AB to plot HV and then compare IV to HV - Iget my relevant pricing
information and Greeks from my other dedicated package.
>hoping to use Amibroker to eventually replace Optionetics Platinum to find
>the best option trades. Platinum, for example, analyzes IV data to make its
>recommendations.)
I don't think AB has anything like this capability - I certainly have no
need for it with my small watchlist.
This is something I thought I would use if I were to trade the US options
market - interesting that you should be moving the opposite way.
Arthur
>thanks
>
>-john
>----- Original Message -----
>From: "Arthur Sawilejskij" <arthur@xxxxxxxxxxxxxxx>
>To: <amibroker@xxxxxxxxxxxxxxx>
>Sent: Thursday, March 04, 2004 12:34 PM
>Subject: Re: [amibroker] ignore extra buy signals
>
>
>Sorry - it was just an expression I used.
>
>I trade very volatile options that gap a lot on opening - I buy on the
>close when I get the right setup and then sell on the open and make my
>profit on the overnight gap movement.
>
>Because of the stock volatility and large gaps - overnight returns of say
>5-%-70% are pretty well the norm.
>
>They can just as easily gap down the next day - hence the very short term
>trade.
>
>It's not the sort of trade that appeals to most people - but I have a
>handle on it but only want to trade one such trade in each cycle - hence
>the need to eliminate additional buy signals.
>
>Arthur
>
>
>
>
> >Hi Arthur,
> >
> >what are 'overnight' options?
> >
> >thanks
> >
> >-john
> >----- Original Message -----
> >From: "Arthur Sawilejskij" <arthur@xxxxxxxxxxxxxxx>
> >To: <amibroker@xxxxxxxxxxxxxxx>
> >Sent: Wednesday, March 03, 2004 11:00 PM
> >Subject: [amibroker] ignore extra buy signals
> >
> >
> >
> >I have a script that checks for certain conditions for a buy and then
>sells
> >next day on close - I trade overnight options.
> >
> >For example........
> >
> >sttlong = StochK(5) > StochD(5);
> >ccilong = cross(cci(13), -100);
> >buy = sttlong and ccilong;
> >sell = c;
> >
> >I sell the next day - but the buy condition still applies subsequent
>days -
> >but I don't want to do another trade till I get a new buy signal - not a
> >succession of buy/sell signals till the next crossovers and buy signal.
> >
> >I need some way to only give me one buy/sell signal - any suggestions
> >would be appreciated.
> >
> >Arthur
> >
>
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