OmniTrader Forum OmniTrader 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.


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

 
Jim Dean

Sage
20001000
Posts: 3022

Joined: 9/21/2006
Location: L'ville, GA

User Profile
 
Subject : RE: OmniScript: Help
Posted : 4/13/2010 8:42 AM
Post #20185 - In reply to #20184

Hi, Shawn:

There could be a lot of reasons. You might need to provide more detail :~)

First and most important ... are you using an RT feed, or EOD feed? If EOD, are you downloading in the middle of the day as well as after the market has closed?

If you're using RT, or doing multiple EOD downloads/day, then every new price-tick during your bar's formation represents a NEW, temporary "Close" price ... think of it as the "Last" price, if that helps. Also, along the way, High & Low can gradually change.

In that case, if you'd like to change your OmniScript exit condition to match what's really happening, just use H > EMA(5). You may not WANT that logic, but it probably will help you see consistent, understandable results. For the short side, use L < EMA(5).

If you are using EOD feed, then as long as you don't do any extra downloading during the day, it's OK to use "C" in the formula.

There are other, more complex ways around this, but they call for OmniTrader Pro and some fancy-footwork with custom OmniLanguage.

If this explanation does not seem to apply to your situation, then you'll need to attach complete info about your Trade Plan (a snapshot or two usually suffices - or you can attach the C:\Program Files\Nirvana\OT2010\TradePlans OTT file that you are using).

I hope this helps.



[Edited by Jim Dean on 4/13/2010 8:44 AM]

Deleting message 20185 : RE: OmniScript: Help


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