Herman, For those of who are just plain ignorant of formula writing, could you
place your suggestion in the correct place. I can learn and extrapolate to the
next formula. Please. Marshall
----- Original Message -----
From: Herman
To: James
Sent: Tuesday, January 23, 2007 2:12 PM
Subject: Re: [amibroker] Correct stop price?
Hello James,
The best resolution is that of your current timeframe, one tick if you use
tick charts. Else there is no way to get change/tick information.
However if you trade real time you could calculate an estimated value buy
using MA( abs( Ref(Close,-1)- Open ) ),20 ), this takes the average difference
between the last Close and the next Open, which in real time trading is one
tick apart. Pick a moving average period suitable to your time frame, not too
long but still long enough to reject occasional spikes. You could develop some
more complicated schemes, like adding some preprocessing, like spike removals
and correction for start of day values.
best regards,
Herman
Tuesday, January 23, 2007, 2:29:54 PM, you wrote:
>
I am trying to buy and sell on a stop and would like to assume I get
filled at the stop price +/- 1 tick. I know I have seen this somewhere before,
I searched the Users Guide but I cannot find it. It seems like the code used 1
tick or perhaps point value. Could someone please point me to the
documentation. All entries and exits are on a stop so BuyPrice, ShortPrice,
SellPrice, and CoverPrice should all look something like BuyPrice = Max
(BuyUpper + 1 tick, Open). Thanks in advance for your help.
James
BuyUpper = HHV(Ref(H,-1), 15);
SellLower = LLV(Ref(L,-1), 15);
StopUpper = HHV(Ref(H,-1), 5);
StopLower = LLV(Ref(L,-1), 5);
Buy
= Cross (High, BuyUpper);
Sell
= Cross (StopLower, Low);
Short
= Cross (SellLower, Low);
Cover
= Cross (High, StopUpper);
BuyPrice
= Max (BuyUpper, Open);
ShortPrice
= Min (SellLower, Open);
SellPrice
= Min (StopLower, Open);
CoverPrice
= Max (StopUpper, Open);
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