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Well Mr Omega Man if you don't have anything positive to say, don't say
anything and do that for the sake of this list. This list is really about
people helping each other. you could have simply just referred him to a
book. Perhaps a book that you may have written. He is not desrving of such
treatment. He was enquiring as to whether it was a bug.
I have come across that Limit order problem myself and just haven't had the
time to research it. I do know that the code has to do something special to
be looking at the next bar of data to acknowledge that there is an entry.
Jim Bronke
Phoenix, AZ
----- Original Message -----
From: <the_omega_man@xxxxxxxxxxxx>
To: "Omega List" <omega-list@xxxxxxxxxx>
Sent: Saturday, June 30, 2001 10:40 AM
Subject: Re: Limit order bug in TS2K?
>
> Did you do even rudimentary checking of your logic and understanding of
> trading orders before asking whether there was a "bug" in the software?
> Answer: No, you did not.
>
> I have suggested in this forum that many of the alleged "bugs" in TS
really
> are failures of users to understand the mechanics of trading and/or how
> the software works (RTFM). I submit your "bug" as yet another case in
point.
>
> I will not do your homework for you. Suffice it to say, the problem is
> on your end.
>
>
> The Omega Man
>
> P.S. - Some say Omega doesn't use the software for trading... Well now.
> How many say that the user below uses the software to trade?
>
>
>
> At Sat, 30 Jun 2001 10:24:15 -0400, Chris McMurry <chrismcmurry@xxxxxxxx>
> wrote:
>
> >
> >It is my understanding that Limit orders should execute as Market If
> >Touched orders. In other words, if I place a buy limit order, then
> >it
> >should be executed on the next bar if the price of the stock trades
> >down
> >to the level of the buy limit price. I.e., if the Low of the next bar
> ><= Limit price, then the buy will occur at the limit price or better.
> >
> >This is not occurring in all circumstances. I have a chart of the QQQs
> >up and I am attempting to make the signal buy at a limit of 79.87 or
> >better. Here is my test code:
> >.......
> >If date = 1000105 Then begin
> > print("Date = ", date);
> > buy("test") at 79.87 Limit;
> >end;
> >if date = 1000106 then begin
> > print("Date = ", date);
> > print("1/6 Low = ", low);
> >end;
> >.......
> >
> >This is what prints:
> >Date = 1000105.00
> >Date = 1000106.00
> >1/6 Low = 79.75
> >
> >This DOES NOT EXECUTE THE BUY.
> >
> >I tested various numbers at the Limit price. The lowest one that will
> >buy is 79.99.
> >
> >Is this a bug?
> >
> >Chris
> >
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