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I use two ways of getting around this:
1. I develop an indicator that "goes off" at the close of the trading session
before I want to enter on the open.
2. Using intra-day data, I have the system issue a buy at close even tho I don't
enter til next AM.
I'm sure there are more elegant ways
TradeWynne@xxxxxxx wrote:
> In a message dated 9/22/99 6:43:07 AM Pacific Daylight Time,
> accumulator@xxxxxxxxxxxxxx writes:
>
> > Monday night I checked the orders - there was no exit signal indicated.
> >
> > Tuesday morning TS went "beep" just as the market opened. I saw the system
> > had exited the position.
>
> Open Next Bar is open NEXT bar. Therefore it does not set stops (whatever) on
> close LAST bar. You (and TS) do not know the OPEN of the NEXT bar until....
> OPEN NEXT BAR occurs. That's just the way it is. I don't mean to be
> sarcastic, but think this one through and you'll see this is the nature of
> this type of order.
>
> Bill Wynne
>
> SmartTrades.com
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