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> 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.
Actually, I understand that's the way it works in theory.
However, I've a vague memory that someone here (or
on one of the other many trading lists) reported that
the stops were checked first, then the exits, so that
a stop could appear to have been triggered even
the OHLC order would have prevented it under the
bouncing-tick interpretation. Maybe I misunderstood.
I'd be grateful for definitive word on this issue, as
Omega's documentation has never seemed more
than one small step above asking passersby on
the street.
Owen Davies
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