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Re: FW: Next Open overhead ? ...NOW I see the problem and the solution


  • To: "M. Simms" <omega-list@xxxxxxxxxx>
  • Subject: Re: FW: Next Open overhead ? ...NOW I see the problem and the solution
  • From: Howard Jackson <hrjf4@xxxxxxxxx>
  • Date: Sat, 30 Oct 1999 16:37:20 -0700

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Completely false, because I do it all the time. This
works with TS4 as well as TS2k:

Buy at open next bar + Range stop;

Its similar to

Buy next bar at open next bar + range stop;

This will place a stop order to buy at the open of the
next bar plus the range of the current bar. So if we
are in a daily chart, and Monday is being analized the
order will be ot buy during Tuesday, at the open of
tuesday plus the range of Monday.

Try it, it works.

H

--- "M. Simms" <prosys@xxxxxxxxxxxxxxxx> wrote:
> Larry - thanks a ton. This has clarified an issue
> that was not really
> explained well.
> CALCULATED Stop and limit orders currently CANNOT be
> placed based on a
> FUTURE open date....
> only the CURRENT open.
> I can see the need for this type of order.....I am
> amazed Omega did not
> provide for this in TSi2000 !!
> 
> -----Original Message-----
> From: Larry McBride [mailto:lcmcb@xxxxxxxxxxx]
> Sent: Friday, October 29, 1999 2:45 PM
> To: M. Simms
> Subject: RE: Next Open overhead ?
> 
> 
> > If Condition1 then Buy at next open;
> >
> > Above: I am in the current bar and I am entering
> an order to buy
> > tomorrow at
> > the market open.
> > This works fine in TSi2000.
> >
> > My problem is that I see systems using indicators
> based on the
> > Close/High/Low of today and
> > performing an order to buy/sell, etc. TODAY based
> on that
> > information !!!!!
> > Omega should have prevented this from happening or
> at least "flagged" the
> > condition in the Editor.
> 
> Depends on what you're doing.  I like to be able to
> say:
> 
> If Condition1 then Buy at nextopen + delta stop;
> If Condition2 then exitlong today at the close;
> 
> It is quite possible to watch the close and see if
> Condition2 is met.  I do
> this all the time.  The problem is that without the
> nextopen dll
> EasyLanguage won't allow this.
> 
> 


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