Re: Stategy question on buying at stop

[Mike Gossland <mga@xxxxxxxx>]

>Anyone know a way around this stategy stop buying problem.  A simple example is below.
>
>If High > High[1] then buy this bar at High[1] stop;
>
>Tradestation will not let you buy the same bar at a specified amount.  I get the message that a stop or limit order can only be placed for the next bar.  Most of my strategies need the same bar at a specified amount.  Anyway around this or am I doing something wrong?
>
>Thanks
>Randy

Yes, you are kind of doing something wrong, although I can see why you think you should be able to. TS doesn't work like that. You need to back up a bar, and on the previous bar to the above, just put

Buy next bar at H stop;

If on the next bar, H > H[1], then your condition will have come true, and you'll be filled where you want. If H doesn't exceed H[1], your condition will not have come true, and you won't get filled either.

HTH
Mike Gossland