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Owen,
Thanks for the reply. I will look up the messages.
Basically I want to exit on the close when my profit target is
exceeded and exit on the NEXT OPEN for the nBar stop.
It seems to work correctly if I add this:
SellPrice = Open;
after the Applystop lines. Then the nbar exits on the next open and
the profit stop still exits on the close.
ts
--- In amibroker@xxxxxxxxxxxxxxx, Owen Davies <owen5819@xxxx> wrote:
> techsmart wrote:
>
> >I want to have a profit exit and a n-bar exit.
> >
> >...
> >
> >Should this get me what I want? It seems to be working, except
that
> >the n-bar exit prices are not always exactly the open price. I
can't
> >see why they would be off.
> >
> I made exactly this mistake not long ago. The problem is the order
in
> which Amibroker evaluates stops. Of the kinds of stop one can use,
n-bar
> exits are evaluated last. So if you use a profit exit with it and
it's
> hit some time during the n-bar, you get credit for the profit even
> though the n-bar exit should have triggered at the beginning of the
> day. This exaggerates your profits and minimizes your losses, of
course.
>
> If that doesn't make sense, search my messages for the last few
weeks
> for a question similar to yours, and track the answers later that
day.
> It will get clearer.
>
> Owen Davies
>
>
> --
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