OmniTrader Professional Forum OmniTrader Professional 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
2000100010025
Posts: 3128

Joined: 3/13/2006
Location: L'ville, GA

User Profile
 
Subject : RE: Simply buy system
Posted : 11/14/2017 4:46 AM
Post #29677 - In reply to #29676

That's almost like a reversal system, without the reverse. OT cannot do what you are asking as far as I know. It needs to have a day that has a signal fired, then either buy the close of that day or the open of the next (or some other method). Once it's in the trade it can exit the same day. But while in the trade, it ignores any additional Signals for new trades since its already in one.

You can design a pure reversal system, but it requires use of the Orders Block (not the Trade Plan block). The exit signal *is* the entry signal, in the opposite direction. But that's not what you asked for.

Using a Trade Plan you can design a scaling-in and scaling-out strategy. I've set up trade plans with Entry and five Addons, combined with random Pattial exits … trade plans are versatile! But …

I have no idea why you'd want to do what you are describing - if you could explain the purpose behind it maybe I could suggest another way of going about it.

[Edited by Jim Dean on 11/14/2017 4:47 AM]

Deleting message 29677 : RE: Simply buy system


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