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Howard -
Can you explain WHY all of the hoopla regarding NEXTOPEN.DLL ?
Now I am confused as to it's usefullness !!
What can it do that EZ Language cannot do other than retrieve a future price
from a current bar....which is a "no-no" from a systems trading perspective
???
> -----Original Message-----
> From: Howard Jackson [mailto:hrjf4@xxxxxxxxx]
> Sent: Saturday, October 30, 1999 6:32 PM
> To: M. Simms; Omega-List
> Cc: lcmcb@xxxxxxxxxxx
> Subject: Re: FW: Next Open overhead ? ...NOW I see the problem and the
> solution
>
>
> 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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