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I fail to see how these proposed functions would help Mel. The
solution has always been to move to a smaller timeframe until only
1 event is likely to occur in each bar. Bill's reply is right on.
Trying to shoehorn multiple trades into a single bar is asking
for trouble. I liked the toggle option in old System Writer Plus
of not allowing stops on the bar of entry. It was scary on daily
data, but amazing how often it improved test results.
rich
BTW - requests for enhancements to TS2000i are like asking for
enhancements to DOS 6.2 from Microsoft. Its a "legacy" product.
At 04:10 PM 8/7/00 -0500, you wrote:
>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
>> >
>>
>
>
>
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