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Conceptually, you might also try a 2 - 4 bar "pause" only after a
significant overnight gap before entering, to avoid retracements.
Best regards,
Gene
----- Original Message -----
From: "Ian Waugh" <ianwaugh@xxxxxxxxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Cc: <ianwaugh@xxxxxxxxxxxxxxxxxxx>
Sent: Thursday, June 14, 2001 7:21 AM
Subject: Don't take trade on first bar
> Can anyone help with this? I'm using TS 4.
>
> I'm fiddling with an intraday system using 5 min bars and I'd like a
> condition that allows me to prevent it taking a trade on the very first
> bar of the day, mainly to avoid taking a trade if the open gaps from last
> night's close.
>
> The code is currently:
>
> if condition... then buy at bbb stop;
>
> I've tried the LastCalcTime function:
>
> if condition and LastCalcTime<>1600....
> the time of the close of the last bar the previous day
>
> But it simply prevents *all* trades.
>
> Is there an easy way to do this?
>
> Cheers,
> Ian
>
>
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