RE: [amibroker] Re: How do I Implementing Good Till Cancel Stop order

["Thomas Chan" <tchan@xxxxxxxxxx>]

Thanks for the info. Yes, I know for exit applystop can be used, the main issue is the entry.

 

I thought these orders are available on most, if not all, broke houses so they should be very easy to implement, but I found myself going nowhere. I wonder if all traders/investors here are using market orders only, because the same issue apply to GTC LIMIT orders too.

 

By setting trade delay, as far as I know, the entry orders are to be executed on the number of delayed bars after the order regardless, but this does not address GTC STOP order at all.

 

Hopefully, others or TJ can step in offering helps. Thanks....

 

 

Thomas

---

From: qweds_560 [mailto:qweds_560@xxxxxxxxx]
Sent: Thursday, March 17, 2005 6:05 AM
To: amibroker@xxxxxxxxxxxxxxx
Subject: [amibroker] Re: How do I Implementing Good Till Cancel Stop order

For exits, perhaps the ApplyStop function is what u are 
looking 
for ... i thought this was GTC stop and doesn't have a trade delay 
(unless u want to set one).

For entries, u need to define buy/short 
rules - i don't think you 
can enter in any other way (could be 
wrong).

Apologies if I am barking up the wrong tree!


--- In 
amibroker@xxxxxxxxxxxxxxx, "tchan95014" <tchan@xxxx> wrote:
> 
> Maybe I made the question too complicated hence there is no 
response 
> at all. Allow me to rephrase it.
> 
> 
Question: Does any one successfully implement the Good Till 
Cancelled 
> STOP order? Similarily, the GTC Limit order, if yes, would you be 
so 
> kind to share? Thanks.
> 
> NOTE: this kind of 
orders can not have a fixed trade delay from 
oder 
> issuance to 
execution.
> 
> 
> Thomas
> 
> --- In 
amibroker@xxxxxxxxxxxxxxx, "tchan95014" <tchan@xxxx> wrote:
> > 
> > Hi,
> > 
> > I sent the following email to 
support for this question I did 
get 
> > [#18394] as the ticket 
number, however there is no closure on 
this. 
> > Hence, I ask the 
list for help. Any info is appreciated.
> > 
> >  
> > [QUOTE]
> > I am trying to implement a system using Good 
Till Cancel type 
STOP 
> > order (GTC Stop) to enter/exit the 
market.
> >  
> > EOD system, with trade delays of at 
least 1 for all orders 
(Note: 
> > this delay is unknown when a 
entry/exit signal occurs)
> >  
> > Use Apple Computer 
(AAPL) as an example.
> >  
> > 12/3/04 - SELL signal, I 
placed an order to sell AAPL @ LOW - 
0.02 
> > (61.73) GTC 
Stop
> > 12/4/04 - Since the low of the day is 62.95, there is no 
execution.
> > 12/21/04 - There was NO price that has been lower 
than 61.73 
before 
> > today, hence the 12/3/04 SELL order is NOT 
executed until today 
> which 
> > finally has a low of 61.6 
which is the first day after 12/3/04 
that 
> > has a price lower 
than 61.73
> >  
> > 12/22/04 - BUY signal, to buy AAPL @ 
HIGH + 0.02 (64.38) GTC Stop
> > 12/23/04 - NO execution, as the daily 
high is lower than 64.38
> > 12/27/04 - BUY order executed
> 
>  
> > 1/12/05 - SELL signal, to sell AAPL @ LOW - 0.02 
(63.28) GTC Stop
> > 2/11/05 - There has been NO SELL execution so far, 
as there has 
> been 
> > NO price that is lower than 63.28. But, 
today I have another 
SELL 
> > order, to sell AAPL @ LOW - 0.02 
(78.92) GTC Stop, so I replaced 
> > previous SELL order placed on 
1/12/05 of 63.28 GTC stop with the 
> new 
> > one.
> > 
2/18/05 - So far, NO SELL execution yet.
> >  
> > So, 
you can see I want to keep the order placed be kept until it 
is 
> 
> executed on the price set on the day the order was placed.
> 
>  
> > So, using SetOption("PriceBoundChecking", False); 
> > Does not help.
> >  
> > I guess the 
question I have is how to keep the order from been 
> > executed on the 
next day, I want also the price to be right for 
an 
> > execution. 
It looks to be I need to look into the future to do 
it, 
> is 
> 
> that right? But how to I keep on looking ahead until an 
execution?
> >  
> > Please help. Thanks.
> 
>  
> >  
> > Thomas
> > 
{UNQUOTE]





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