Subject : Market on Close (current bar) Through Stop Posted : 8/5/2013 9:26 AM Post #28647
In the Orders Block under the Exits Tab the last option under Execution is "Market on Close (current bar) Through Stop" which is the default option in few of the canned Strategies. Please answer the following queries regarding it:
Q1. What exactly it means in terms of practical execution of trades? In my case I download EOD data at the end of the trading day, run ToDoList and place orders on next day open. In this case how these Exits are supposed to be handled? Are these orders supposed to be placed before market close on the day the Signal is generated? If so, how we can get the Exit Signal during market hours?
Q2. Is it possible to replicate these kind of Exits to Trade Plans? I have not seen any such option there.