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Hi, TJ,
I have asked this question a couple
of times both in this group and the support channel, so far, this is NO solution
at all.
I thought this should be a very
common issue, unfortunately there seems to be no solution in sight. I am
actually doing this type of orders daily, it is supported by all the broker
houses I have dealt with, however, I could not see a way to implement it in AB.
Please help.
Sorry for attaching the long thread,
but I hope it might help seeing the history as well as the details of my
question.
Again, my question is as stated in
the subject: How do I Implementing Good Till Cancel Stop
order.
TJ, Thanks for looking into
this.
Thomas
Thanks for the info. Yes, I know for exit applystop can be
used, the main issue is the entry.
I thought these orders are available on most, if not all,
broke houses so they should be very easy to implement, but I found myself going
nowhere. I wonder if all traders/investors here are using market orders only,
because the same issue apply to GTC LIMIT orders too.
By setting trade delay, as far as I know, the entry orders
are to be executed on the number of delayed bars after the order
regardless, but this does not address GTC STOP order at all.
Hopefully, others or TJ can step in offering helps.
Thanks....
Thomas
For exits, perhaps the ApplyStop function is what u are
looking
for ... i thought this was GTC stop and doesn't have a trade delay
(unless u want to set one).
For entries, u need to define buy/short
rules - i don't think you
can enter in any other way (could be
wrong).
Apologies if I am barking up the wrong tree!
--- In
amibroker@xxxxxxxxxxxxxxx, "tchan95014" <tchan@xxxx> wrote:
>
> Maybe I made the question too complicated hence there is no
response
> at all. Allow me to rephrase it.
>
>
Question: Does any one successfully implement the Good Till
Cancelled
> STOP order? Similarily, the GTC Limit order, if yes, would you be
so
> kind to share? Thanks.
>
> NOTE: this kind of
orders can not have a fixed trade delay from
order
> issuance to execution.
>
>
> Thomas
>
> --- In amibroker@xxxxxxxxxxxxxxx,
"tchan95014" <tchan@xxxx> wrote:
> >
> > Hi,
>
>
> > I sent the following email to support for this question I did
get
> > [#18394] as the ticket number, however there is no closure
on
this.
> > Hence, I ask the list for help. Any info is
appreciated.
> >
> >
> > [QUOTE]
> >
I am trying to implement a system using Good Till Cancel type
STOP
>
> order (GTC Stop) to enter/exit the market.
> >
> >
EOD system, with trade delays of at least 1 for all orders
(Note:
>
> this delay is unknown when a entry/exit signal occurs)
> >
> > Use Apple Computer (AAPL) as an example.
> >
> > 12/3/04 - SELL signal, I placed an order to sell AAPL @ LOW -
0.02
> > (61.73) GTC Stop
> > 12/4/04 - Since the low of
the day is 62.95, there is no
execution.
> > 12/21/04 - There was
NO price that has been lower than 61.73
before
> > today, hence
the 12/3/04 SELL order is NOT executed until today
> which
> >
finally has a low of 61.6 which is the first day after 12/3/04
that
>
> has a price lower than 61.73
> >
> > 12/22/04 -
BUY signal, to buy AAPL @ HIGH + 0.02 (64.38) GTC Stop
> > 12/23/04 -
NO execution, as the daily high is lower than 64.38
> > 12/27/04 - BUY
order executed
> >
> > 1/12/05 - SELL signal, to sell
AAPL @ LOW - 0.02 (63.28) GTC Stop
> > 2/11/05 - There has been NO SELL
execution so far, as there has
> been
> > NO price that is
lower than 63.28. But, today I have another
SELL
> > order, to
sell AAPL @ LOW - 0.02 (78.92) GTC Stop, so I replaced
> > previous
SELL order placed on 1/12/05 of 63.28 GTC stop with the
> new
>
> one.
> > 2/18/05 - So far, NO SELL execution yet.
>
>
> > So, you can see I want to keep the order placed be kept
until it
is
> > executed on the price set on the day the order was
placed.
> >
> > So, using
SetOption("PriceBoundChecking", False);
> > Does not help.
>
>
> > I guess the question I have is how to keep the order
from been
> > executed on the next day, I want also the price to be
right for
an
> > execution. It looks to be I need to look into the
future to do
it,
> is
> > that right? But how to I keep on
looking ahead until an
execution?
> >
> > Please
help. Thanks.
> >
> >
> >
Thomas
> > {UNQUOTE]
Please note that
this group is for discussion between users only.
To get support from
AmiBroker please send an e-mail directly to
SUPPORT {at}
amibroker.com
For other support material please check also:
http://www.amibroker.com/support.html
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For other support material please check also:
http://www.amibroker.com/support.html
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