OmniVest Forum OmniVest Forum
forums calendars search
today this week
 
register logon control panel Forum Rules
You are currently browsing as a guest.
You should logon to access more features
A Self-Moderated Community - ALL MEMBERS, PLEASE READ!
Vote for Members who contribute the most to your trading, and help us moderate content within the Forums.


[Random Quote] -


Only Forum Moderators, Administrators, and the owner of this message may delete it.

 
Mark Holstius

Elite
50010010025
Posts: 744

Joined: 10/11/2012
Location: Sleepy Hollow, IL

User Profile
 
Subject : RE: TP "Delay Opening Orders" function does not wo
Posted : 9/6/2016 4:38 PM
Post #36411 - In reply to #36409

Can I suggest a setting of less than 100%...???

My understanding with a $10,000 Account example:

If OV thinks you have $10,000 in the account (BP set at 100%), it'll plan on buying 100 shares of a stock that closed at $100.

If the stock goes up to $102 at the open, that 100 share order will then be too big for the account ($10,200).

So, I've been using 95%...

IMHO, that would mean OV would think I have $9,500 and put in an order for 95 shares based on the $100 closing price.

At the Open of $102 x 95 = $9,690 and the order still goes thru...???

Just thinking - but maybe I'm confusing OV BP with TP setting,
Mark


[Edited by Mark Holstius on 9/6/2016 4:43 PM]

Deleting message 36411 : RE: TP "Delay Opening Orders" function does not wo


Nirvana Systems
For any problems or issues please contact our Webmaster at webmaster@nirvsys.com.