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aogorman wrote:
Hi All,
I've been testing a system for some time now independent of TradeStation
utilising the skills of a programmer. I'm using daily open high low
close data but have run into a problem; once I get into a position, how,
if the low on the day is below my stop (long trade) can I be sure I
haven't been hit. The obvious answer seems to be to assume the worst
case and stop myself out, does anyone have any other suggestions?
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It seems to me that if the market has traded, intraday, below your protective
sell stop
(long position of course), that far and away the odds are that your stop order
would be filled. The only (I use this term loosely) time you would not be
filled is if the move was very quick to reverse and the floor broker was
unable to get you filled. This type of event may, at times work in your
favor, other times not. There have been previous discussions regarding the
brokerage firms responsabilty to provide a fill, period, as long as the market
traded at or through your stop. For your purposes, it sounds to me that you
should assume always that your stop order is filled.
Sincerely,
Pompatis
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