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Hello,
ApplyStop function is designed to be used to simulate
stop orders placed at the exchange or simulated by the brokerage
Please read this how such stops operate:
http://www.interactivebrokers.com/en/trading/orders/stop.php?ib_entity=uk
http://www.interactivebrokers.com/en/trading/orders/trailingStops.php?ib_entity=uk
Such stops ALWAYS use current bid/ask/last so they effectively
are activated by ENTIRE HIGH-LOW range.
What you are after - this is NOT stop order. This is REGULAR EXIT
and Open when certain condition is met.
This has nothing to do with stop orders and as any other regular exit should be implemented
in the formula.
Sample code that does that is included at the very end of this part of the
user guide:
http://www.amibroker.com/guide/whatsnew.html
Best regards,
Tomasz Janeczko
amibroker.com
----- Original Message -----
From: "joelamibroker" <joelamibroker@xxxxxxxxxxxx>
To: <amibroker@xxxxxxxxxxxxxxx>
Sent: Thursday, January 12, 2006 3:14 PM
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
>
>
>
>
>
>
>
>
>
> 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
>
>
> Yahoo! Groups Links
>
>
>
>
>
>
>
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