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Try:
IF Open of Next Bar > Close + .5 then Buy at Open of Next Bar + .5 Stop;
Miles
-----Original Message-----
From: Sethw2@xxxxxxx [SMTP:Sethw2@xxxxxxx]
Sent: Friday, June 12, 1998 4:01 PM
To: omega-list@xxxxxxxxxx
Subject: another Trading On Gaps Problem...
I have a problem which the Easy Language people at Omega cannot seem to grasp.
It appears very simple, but I gather there needs to be 2 separate systems or
functions working together...
I want to buy IBM at the market if
it gaps up 1/2 point from the previous days close (i.e. todays open >
yesterdays close + 1/2)
and
it trades up another 1/2 point from the opening price (i.e. last sale > open +
1/2)
The problem is I cannot figure how to buy the bar I am referencing at the open
+ 1/2 point if the gap condition is true. (Oh yeah, I want to do this using
only daily data...)
Good luck trading,
Sethw2@xxxxxxx
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