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Randy said:
> >If High > High[1] then buy this bar at High[1] stop;
Mike said:
> Buy next bar at H stop;
Close, but actually:
Buy at H + 1 point stop;
By definition "this bar's" high is then > last bar's (H)
high.
At H stop H (last bar's high) = this bar's high.
On Thu, 13 Feb 2003 11:29:17 -0800
Mike Gossland <mga@xxxxxxxx> wrote:
> At 10:52 AM 02/13/2003, rghstocks@xxxxxxx wrote:
>
> >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
>
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