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At 5:10 PM -0600 3/6/98, Wanabe wrote:
>My goal is to try and place an order with my broker before the market
>closes. Not the next day. I am using the MACD indicator to determine if I
>am bearish or bullish. If I know at what price the indicator is going to
>change position I could possibly determine near but before the close of the
>market if I want to change my position by asking myself, it looks like
>today's close is going to be above or below the price which is going to
>cause the MACD indicator to swap position. Does this help?
I have had a similar requirement. I once developed a system to trade the
Rydex Mutual Funds. You must call Rydex to make a switch before the close,
say, by 3:45pm.
My backtesting was done using the value on close.
So I needed to know in advance, what value of the close would cause my
system to switch from holding the fund or switching to holding cash.
The only approach I was able to come up with was to use a loop to
sequentially step through various values of a variable simulating the
closing price to see where the system would switch. Then, at 3:45 pm, I
would guess whether the closing price would be above or below this value
and make the call if a switch was necessary.
Very awkward. Maybe there is a better way.
Bob Fulks
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