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[amibroker] Re: Scale in on same bar



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Hi

You can't do that. All you know is open/high/low/close. You don't know what happened in between.

Consider these two scenarios:

Open, gentle steady decline in price down to -2%.
Open, next trade after the open is a 2% drop.

Now, would you still want both an initial buy and a scale in for both scenarios? How would you know if half the position was bought at -1% and the other half at -2% (first scenario) vs. all bought at -2% (second scenario).

If you want intraday trades, you need intraday data.

Mike

--- In amibroker@xxxxxxxxxxxxxxx, "jmdeacon" <jmdeacon@xxx> wrote:
>
> Is it possible to scale in on the same bar?  To make it clear, lets say I am using EOD data and I want enter a position as the price pulls back.  XYZ starts the day at $10 and I want to buy if it loses 1% and scalein to double to position if it loses another 1%.  Is there a way to code for that to occur on the same bar assuming XYZ traded below $9.80 on the bar in question?  I know how to do it with Scalein when it occurs on seperate bars?
> 
> Thanks,
> 
> John
>




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