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

[TradeWynne@xxxxxxx]

In a message dated 11/1/99 6:08:02 AM Pacific Standard Time, 
prosys@xxxxxxxxxxxxxxxx writes:

> Can you explain WHY all of the hoopla regarding NEXTOPEN.DLL ?

I have not used it, but apparently it can do things EL cannot, like use OPEN 
NEXT BAR with a data2 setup.

>  
>  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
>  ???

Is it a "no-no" to use the next open after a set up from the last bar? Tell 
me why? It is not a "future price" once the "next bar opens" which is when it 
starts to work. One example is how you could trade a gap: If Open Next Bar > 
High then buy at Open Next Bar + {whatever you want stop (or sell it)};

I'm curious too about the NextOpen.dll. Has anyone used it?

Thanks,

Bill Wynne

SmartTrades.com