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RE: Same day exits



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Bill - there is an enhancement request into Omega on this for TS2000i:

WhichExit(0) and WhichEntry(0)

These intrinsic functions are to return the actual coded entry and exit and
maintain a history of the values similar to EntryPrice() and BarsSinceExit()

if H > 1430  then ExitLong("Xlong") at Stopval Stop;

if the above results in an exit, then WhichExit(0) will have a value of
"Xlong"....

This functionality is BADLY needed. Current workaround: create a
COM-compliant DLL and use the DEVKIT API functions to access the Message
center data.

Anyone care to try ?

> -----Original Message-----
> From: Bill Wynne [mailto:tradewynne@xxxxxxxxxxx]
> Sent: Monday, August 07, 2000 12:11 PM
> To: melsmail@xxxxxxxxxxx; omega-list@xxxxxxxxxx
> Cc: code-list@xxxxxxxxxxxxx
> Subject: Re: Same day exits
>
>
> >From: "Mel F" <melsmail@xxxxxxxxxxx>
>
> >I am trying to exit on the bar of entry only using following code
> >Buy{setup condition} next bar at open + Value1;
>
> >In a separate signal I have two exits as follows
> >If marketposition <> 1 then begin
> >    ExitLong("1stDayProfit")  Open tomorrow + Value10 limit;
> >    ExitLong("1stDayLoss")    Open tomorrow - Value20 stop;
> >end;
>
> Since you have a limit and a stop in the same bar it is impossible for TS
> (or any program) to know in which order they occurred after your
> entry from
> OHLC daily data. In short: forget about it. The only thing you know about
> the order of the OHLC is that the Open was first and the Close
> was last. The
> order of everything in between is unknown without tick data, so
> even if your
> idea is programmed "right" the data will be useless.
>
> Bill Wynne
>
> Bill@xxxxxxxxxxxxxxx
>
> >What I am finding is that if the Entry price is greater than the
> >ExitLong("1stDayProfit")  price it exits at the Entryprice
>
> Try exitlong at entryprice + valueX.
>
> >If I change from limit to a stop order for ExitLong("1stDayProfit")
> >  and the high is less than the ExitLong("1stDayProfit") price it also
> >exits
> >at the entryprice
> >
> >How can I code it to exit correctly on the same day as entry?
> >
> >Mel
> >melsmail@xxxxxxxxxxx
> >
>