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> However, at the Easy Language seminar I attended I
> asked how I could program EL to assist me in putting
> on a trade for example, (opening price + .20) then,
> buy @ mkt.
> It was explained to me that EL is not capable of
> recognizing a data-point within a given bar.
You are describing a basic stop. On bar X you issue a stop order to
buy or sell at price Y. On bar X+1 when price Y is hit -- intrabar --
the order is executed as if it was a market order when the price was
reached, like a perfect stop order with no slippage.
TS handles this with orders like "buy at Y stop".
> However one problem. There is still some bug in my code below such
> that the entry is made on the next bar at the price as the high of
> the original bar (for buys) and entry made on next bar at the same
> price as the low of the original bar (for sells). In other words,
> the code does not respect my desire for the entry to be made X
> points above the high of the original bar and Z points below the
> low of the original bar:
> Inputs: etc.,etc.,X(2),Z(2);
> . . . then buy H[0] +X points stop;
> . . . then sell L[0] -Z points stop;
The problem is probably the "points" keyword. That basically acts as
a multiplier of "* ticksize". If X is expressed in ticks, that's
great. If X is already expressed in full big points, you've got a
problem. So e.g. if this was SP and you wanted to buy one-half
handle above the high, you'd say "buy High + 0.5 stop", ***NOT***
"buy High + 0.5 points stop".
Gary
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