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Greg Winch

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Posts: 71

Joined: 1/21/2007
Location: Phoenix

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Subject : RE: Intraday Stops
Posted : 1/26/2009 8:14 PM
Post #11302 - In reply to #11300

Thanks Jim. You just hit the nail on the head.
For backtesting, forward testing or real trading using end-of-day data, there should be a method of determining a Stop Market order to execute during the following trading day.
I'm still not sure if Matthew has answered this for me/us.

For trade plans to work for end-of-day users, one should be able to set a stop that would trigger during the course of the day.

I know this can be accomplished in Trade Plans using the Stop Market Order with the price being a percent or points or ATR above or below the high of the previous day, low of the previous day, etc. but not for HHV or LLV of x number of days in the past.

I'm being redundant, but I think this is essential to the trading success of those us us with day jobs outside the world of the Markets.
Deleting message 11302 : RE: Intraday Stops


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