[amibroker] Re: buy limit order

["Paolo Cavatore" <pcavatore@xxxxxxxxx>]

Hi Mike, very clear-cut as usual.

I post here a slight enhancement as reference supporting Long/Short orders as well as PriceLimit optimization (if PriceLimit == 0 trade at next day Open - MOO orders). Positions are closed at next day open...hopefully it can help others.

Thanks for your help,

paolo

//////////////////////////////////////

PriceLimit = Optimize("% Price Limit", 1, 0, 5, 0.25);

BuyCond = ...my buy trigger;
Sell = ...my sell trigger;
ShortCond = ...my short trigger;
Cover = ...my cover trigger;

BuyLimit = Ref(C, -1) * (1 - PriceLimit/100);
ShortLimit = Ref(C, -1) * (1 + PriceLimit/100);

Buy = Ref(BuyCond, -1) AND IIf(PriceLimit==0, 1, Low < BuyLimit);
Short = Ref(ShortCond, -1) AND IIf(PriceLimit==0, 1, High > ShortLimit);

BuyPrice = IIf(PriceLimit==0, Open, Min(Open, BuyLimit));
SellPrice = Open;
ShortPrice = IIf(PriceLimit==0, Open, Max(Open, ShortLimit));
CoverPrice = Open;

SetTradeDelays(0,1,0,1);




--- In amibroker@xxxxxxxxxxxxxxx, "Mike" <sfclimbers@xxx> wrote:
>
> // Your decision today to trigger a buy tomorrow
> Trigger = ...
> 
> // Your buy today based on yestereday's trigger
> LimitPrice = 0.99 * Ref(Close, -1);
> Buy = Ref(Trigger, -1) && Low <= LimitPrice;
> BuyPrice = min(Open, LimitPrice);
> 
> Mike
> 
> --- In amibroker@xxxxxxxxxxxxxxx, "Paolo Cavatore" <pcavatore@> wrote:
> >
> > I'm sure this question has already been done but I couldn't find any answer.
> > 
> > How can I code a buy limit order for tomorrow at a limit price lower than 1% of today close?
> > 
> > Many thanks for any help,
> > 
> > paolo
> >
>




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