Re: Buy Sell Occuring at the wrong Bars

["Phil Kobierowski" <phil@xxxxxxxxxxxxxx>]

Wayne,

It makes sence. On the 3 bars where you expected an order to be filled but
it isn't: look back 5 bars and notice the high/low -- it's beyond the range
of the bar where you expect the order filled. The order is placed on the
bar, but the 'stop' condition keeps it from getting filled.


Phil Kobierowski
TCS

----- Original Message -----
From: "Wayne Mathews" <wayne@xxxxxxxxx>
To: "=omega list" <omega-list@xxxxxxxxxx>
Sent: Monday, October 15, 2001 7:42 PM
Subject: Buy Sell Occuring at the wrong Bars


> I have a signal made up of the code below on a chart of VRSN.
>
> buy next bar highest(h,5)   stop;
> sell next bar lowest(L,5) stop;
>
> Also added to the chart is the indicator below which gives the red and
> blue dots
>
> if h=highest(h,5) then plot1(h);
> if L=lowest(L,5) then plot2(L);
>
>
> A buy should occur on the first bar with a red dot (indicating that bar
> is the highest high in the last 5 bars) after a sell. Also, a sell
> should occur on the first bar with a blue dot (indicating that bar is
> the lowest low in the last 5 bars) after a buy. This generally happens
> but a number of times the buy and sell occur on the SECOND highest high
> or lowest low (see 1, 2, and 3).  Anyone have an explanation for this
> behavior? (MarketPosition changes at the buy and sell bars).
>
> Replacing "sell next bar lowest(L,5) stop" with "ExitLong  Next Bar at
> lowest(L,5)  Stop" gives the same results.
>
>


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