RE: [amibroker] ApplyStop using Close price, but exit on Open?

["Terry" <MagicTH@xxxxxxxxxxx>]

Your settings are correct for buying and selling on the Next Day Open,
But you need to compute your stop based on today's Close, thus I think
you cannot use ApplyStop since that applies to the trade prices
(tomorrow's open).

I have not tried this and I'm not sure I am right, but it makes sense to
me, especially if you have already verified you are not getting the
desired results.

I use a Chandelier exit, but I keep track of the exit in a loop and
apply it to the Close myself.
--
Terry

-----Original Message-----
From: amibroker@xxxxxxxxxxxxxxx [mailto:amibroker@xxxxxxxxxxxxxxx] On
Behalf Of joelamibroker
Sent: Thursday, January 12, 2006 07:15
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] ApplyStop using Close price, but exit on Open?

Hi,

I am using a Chandelier exit, but I don't think it is being executed
as I had intended.
I want to Buy or Sell the shares the next day on OPEN
IF the share CLOSES at the fixed stop loss or trailing stop.

Will this do it?

SetTradeDelays(1,1,1,1);

Buy=Buysig;
BuyPrice = O;

ApplyStop(stopTypeTrailing, stopModePoint,trailstop*ATR(14),0,True);
ApplyStop(stopTypeLoss,stopModePoint, fixedstop*ATR(14),0,False);

Sell = 0;
SellPrice = O;


Joel









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