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Jim Dean

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

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Subject : RE: Problem with Daily Forming Bars
Posted : 8/14/2014 12:30 PM
Post #32513 - In reply to #32512

If you want to use MOC then you must allow time for the calc's to be done, and the order to be placed and transmitted before the broker MOC cutoff time (usually 5-10 min before close as I recall). You could use the nifty method I described with 375, 380, or even 389 minute bars if you think that gives the program and the broker time enough. It's IMPOSSIBLE to both know the true close and submit a MOC order for the same day. You have to do it a little bit ahead of time.

[Edited by Jim Dean on 8/14/2014 12:42 PM]

Deleting message 32513 : RE: Problem with Daily Forming Bars


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