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[amibroker] How do I Implementing Good Till Cancel Stop order - Support ticket [#18394]


  • To: <amibroker@xxxxxxxxxxxxxxx>
  • Subject: [amibroker] How do I Implementing Good Till Cancel Stop order - Support ticket [#18394]
  • From: "Thomas Chan" <tchan@xxxxxxxxxx>
  • Date: Wed, 23 Mar 2005 09:34:36 -0800
  • Thread-topic: How do I Implementing Good Till Cancel Stop order - Support ticket [#18394]

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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


From: Thomas Chan
Sent: Thursday, March 17, 2005 9:12 AM
To: 'amibroker@xxxxxxxxxxxxxxx'
Subject: RE: [amibroker] Re: How do I Implementing Good Till Cancel Stop order

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


From: qweds_560 [mailto:qweds_560@xxxxxxxxx]
Sent: Thursday, March 17, 2005 6:05 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: How do I Implementing Good Till Cancel Stop order


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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