Re: LOOK inside Bar order entry

[Bob Fulks <bfulks@xxxxxxxxxxxx>]

At 07:25 AM 9/8/2004, Michael King wrote:

>Thanks for your help .
>
>However I gave an example just as an example.
>
>Here is another example ..
>
>Buy This bar at a Band touch (Price) and If  RSI  is Less than X .
>
>Considering you don't know the value of the band the bar before or the value
>of RSI the bar before . You cant say Buy Next Bar at Limit Price because you
>don't know the price.

To do what you ask above, the software obviously has to be monitoring the value of the prices that determines the Band and the RSI during the day so it has to be running on real-time data.

So you need to decide how often during the day you want to check these values (for example: every minute) and simply set TradeStation to use 1-minute bars. It will then sample the prices every minute calculate the band and the RSI and place a market order if the conditions are met.

Bob Fulks