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I've seen it work as documented with my own eyes!
H
--- Owen Davies <owen@xxxxxxxxxxxxx> wrote:
> > 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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