|
PureBytes Links
Trading Reference Links
|
At 4:00 PM -0400 6/12/98, Sethw2@xxxxxxx wrote:
>I have a problem which the Easy Language people at Omega cannot seem to
>grasp. It appears very simple, but I gather there needs to be 2 separate
>systems or functions working together...
>I want to buy IBM at the market if
>it gaps up 1/2 point from the previous days close (i.e. todays open >
>yesterdays close + 1/2)
>and
>it trades up another 1/2 point from the opening price (i.e. last sale >
>open + 1/2)
>The problem is I cannot figure how to buy the bar I am referencing at the
>open + 1/2 point if the gap condition is true. (Oh yeah, I want to do this
>using only daily data...)
This seems to work:
if Open of next bar > Close + 0.5 then Buy next bar at Open of next bar +
0.5 stop;
if BarsSinceEntry >=2 then ExitLong at market;
It is profitable, too!
Bob Fulks
|