Re: Handling of Early Close in Strategy?

["jimbob" <big_ezy@xxxxxxxxxxxxx>]

appologies for this mispost, but i meant to join the list, so i could follow
the threads. (not that i don't enjoy receiving the individual emails :) )

could you point me in the right direction?

thanks,
jimbob

----- Original Message -----
From: "carrslem" <carrslem@xxxxxxx>
To: "Jimmy Snowden" <jhsnowden@xxxxxxx>
Cc: <omega-list@xxxxxxxxxx>
Sent: Friday, January 31, 2003 5:08 PM
Subject: Re: Handling of Early Close in Strategy?


> I've confirmed that it does, in fact, work properly on historical data.
>
> My concern is not that I need to depend upon the "signal" to exit a
position
> (I produce a 5-minute warning alert for that purpose), but that I need
> TradeStation to exit the trade in order not to screw up its position data
or
> subsequent trades.
>
> Best regards,
> Carroll
>
>
> > I don't think it will work for an early close day as it probably uses
> > session time to exit but it works fine for a regular day.  At least it
> > worked today in one of my systems.
> >
> > The only minor problem is you get the signal after the close and that
> > makes it very difficult to enter the order on most securities.
> >
> >
> > Jimmy Snowden
> >
> > MG> At 01:33 PM 01/29/2003, ax wrote:
> >
> > >>>Carroll
> > >>>Faced with the same problem I found  "SetExitonClose"  worked for me
> > >>
> > >>Okay, I admit it. I've never watched SetExitOnClose in action in
> real-time on an early close day. I know it works on a historical chart,
but
> does it really exit on time on an early close?
> >
> > MG> No one has answered that question yet... So I looked into it on the
> TradeStationWorld forum.
> > MG> Here's the result in a nutshell:
> > MG> As for SetExitOnClose, never use this in real-time trading, it will
> not work!
>
>
>