|
PureBytes Links
Trading Reference Links
|
If you are looking to get a signal immediately after the first tick, I don't
think a 1 min bar system will work. The best you can hope for is an order at
the end of the bar. You would have to use a tick chart instead. I disagree
that you won't know until the open about your decision to buy(or sell). You
can determine the criteria on the close the day before what it will take to
make an entry point even if that includes both price and volume.
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: <cash@xxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Sunday, August 12, 2001 6:40 PM
Subject: Buy this bar on OPEN?
: On a 1 minute chart, I need to be able to be on the first bar of the day
and if the opening price meets my criteria, I need to place a buy order for
the stock at that price.
:
: On this same chart, I also have the daily data of the same symbol as data2
:
: If date <> date(1) then { it's start of the day }
: begin
: If (Open < Close(1) of Data2 - 1) then buy("Long Open") at open of this
bar;
: end;
:
: But I don't think that works. The problem is that I need to base my
decision to buy on the opening on data that I won't know until the opening.
In the real world, my strategy for doing this would obviously be different,
but what I'm trying to do would
: work for backtesting. Can anyone tell me what do I need to do to
accomplish this objective?
:
: Thanks,
:
: Cash
:
:
: "Buy Low, Sell High"
: (If this statment is used for financial gain, I am entitled to 10% of all
profits. ;) )
:
|