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--- Owen Davies <owen@xxxxxxxxxxxxx> wrote:
> I know enough not to use trailing stops on EOD data
> in Omega products, but suddenly am wondering about
> profit targets. It seems to me that they ought to
> work,
> provided that you do not also use money-management
> stops or reversal signals that might trigger on the
> same
> day as the profit target was reached (in which case
> it
> would be Omega's policy to score the profit, even if
> there was a chance the reversal might have occurred
> at a loss.)
>
Completely false statement. Depending of where the
open is, ts will fill either the money management stop
or the profit target stop. If the open is on the lower
half of the bar it will assume O->L->H->C and the MM
stop will be hit, thus the trade being a loser. If the
open is in the upper half of the bar then O->H->L->C
is assumed and the profit target should be hit.
Read your documentation!
In theory, if you run enough tests winning and lossing
trades filled using bouncing ticks should balnce out.
in reality, if you profit target and money management
are that close, what you really need is to work with
smaller bars!
H
> Any comments?
>
> Many thanks.
>
> Owen Davies
>
>
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