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What you can't do with ezl is refer to the open of
next bar AND data from data2 (or any other data
series). You CAN do that with the .dll
I haven't needed to reference a data2 in systems in
which I have used "open next bar" so I have not looked
into what this dll does. And you defenitely dont want
to have a system looking at a future bar, or you can
end up with a super-curve fit that basically reads: if
tomorrow is up then buy today, sell tomorrow...
--- "M. Simms" <prosys@xxxxxxxxxxxxxxxx> wrote:
> 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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