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In a message dated 9/22/99 6:43:07 AM Pacific Daylight Time,
accumulator@xxxxxxxxxxxxxx writes:
> I have a system that uses the "open next bar" reference. Problem is I can't
> figure when it's supposed to generate orders. In this case it was an order
> to exit on a stop - not having anything to do with the open price.
>
> Monday night I checked the orders - there was no exit signal indicated.
>
> Tuesday morning TS went "beep" just as the market opened. I saw the system
> had exited the position. But I never saw the order! Did the order appear on
> the open and then just as quickly get filled?
Phil:
After rereading this it occurs my response may be inappropriate (I was still
sleepy out here in the West, and watching the SPZ too). I apologize. If the
system reads something like If "Open Next Bar blahblahblah then begin" it
probably is the Open Next Bar causing the system to not place orders until
the next open. Also, if Open Next Bar is used to enter, could it have
triggered a reverse? It seems if the money management stop is further away
than the ONB reverse it will not show up as an active order. I'd be happy to
look at it if you want to send it over, all or in part.
Bill Wynne
SmartTrades.com
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