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>>>I want to keep a Long position *and* take a Short position, too
Even if you could do this in TS, how do you plan to implement it with a
broker? Whenever you buy, a sell will offset your long position. In fact the
brokerage makes you sign a paper if you have more than one account that you
will NOT take a long and a short at the same time. The only way to
realistically implement your strategy would be to open two accounts at
different brokerages OR you may try to buy and sell different contract
months. For example, buy a DEC 01 Eurodollar and sell a MAR 02 Eurodollar.
Of course this is called a spread.
Just curious.
Mike.
-----Original Message-----
From: Ian Waugh [mailto:ianwaugh@xxxxxxxxxxxxxxxxxxx]
Sent: Tuesday, October 16, 2001 4:36 PM
To: melsmail@xxxxxxxxxxx
Cc: ianwaugh@xxxxxxxxxxxxxxxxxxx; omega-list@xxxxxxxxxx
Subject: Re: Buying without selling
In-Reply-To: <022501c15697$14066b60$cd6c2dcb@xxxxxxxxxxxxxxxxxx>
Hi Mel,
This is part of the named entry stuff unless I'm missing something
(quite possible). The thing is, I don't want to *exit*, I want to keep a
Long position *and* take a Short position, too.
In TS, AFAIK, when you issue a Buy command it automatically exits *all*
Short positions. You can choose to exitshort named Long positions but you
don't seem to be able to take a Short position before selling out the
Long...
In fact, the TS manual says Sell "closes your long positions and opens a
short one".
Just wondering if there was an alternative or a way around it.
Cheers,
Ian
> Have you tried exitlong xx contracts, from a named entry, assuming you
> may
> have more than 1 contract open?
>
> Mel
>
>
> ----- Original Message -----
> From: "Ian Waugh" <ianwaugh@xxxxxxxxxxxxxxxxxxx>
> To: <mmcfadd@xxxxxxxxxxxxx>
> Cc: <ianwaugh@xxxxxxxxxxxxxxxxxxx>; <omega-list@xxxxxxxxxx>
> Sent: 17 October 2001 6:42 AM
> Subject: Re: Buying without selling
>
>
> | In-Reply-To: <004101c1567f$dec25e80$8e91fea9@xxxxxxxxxxxxx>
> | I understand about setting the Properties to allow for more than one
> | contract and about naming (I think). It lets you specify the position
> you
> | want to exit such as;
> |
> | Buy("Long1") at h stop;
> | Exitlong("Long1");
> |
> | However, AIUI, when you issue a Buy order (with or without a name) this
> | automatically exits all open Short positions. What I'd like to do is
> this:
> |
> | Buy{"long1") at h stop;
> | Sell("Short1") at c;
> |
> | and have both positions active in the market at the same time.
> |
> | Cheers,
> | Ian
> |
> | > I believe you have to give the buy/sell/exits their own names.
> | > "name"
> | > also make sure, you set up the Properties of the strategy.
> | >
> | > ----- Original Message -----
> | > From: "Ian Waugh" <ianwaugh@xxxxxxxxxxxxxxxxxxx>
> | > To: <omega-list@xxxxxxxxxx>
> | > Cc: <ianwaugh@xxxxxxxxxxxxxxxxxxx>
> | > Sent: Tuesday, October 16, 2001 4:09 PM
> | > Subject: Buying without selling
> | >
> | >
> | > > Is it possible to issue a Buy order without automatically
> > > cancelling a
> | > Sell
> | > > position?
> | > >
> | > > I have two systems based on the same principle but which work in
> | > > different
> | > > types of market and they achieve optimum results when they run side
> > > by
> | > side.
> | > >
> | > > Trying to combine them into one system (Signal), however, means that
> if
> | > one
> | > > is Short and the other issues a Buy signal, it automatically exits
> > > the
> | > Short
> | > > position before buying.
> | > >
> | > > This may seem sensible because if you're Short and you Buy you go
> > > flat
> | > (or,
> | > > in TS, you ExitShort and go Long). However, I'd like to be both Long
> and
> | > > Short in the market at the same time. This usually happens when the
> | > > state
> | > of
> | > > the market is uncertain and either system could win (or lose!).
> | > >
> | > > Is there an (easy) way to do this?
> | > >
> | > > Cheers,
> | > > Ian
> | > >
> | > >
> | >
> |
>
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