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SteveL

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Posts: 133

Joined: 2/15/2007
Location: Boulder, CO

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Subject : RE: Issues with MOC orders
Posted : 8/18/2020 9:13 AM
Post #31204 - In reply to #31198

Keith,
See this thread in OT Forum: https://www.omnitrader.com/currentclients/otforum/thread-view.asp?threadid=15866

I use AutoTrade to run analysis "near" the close and issue orders before the close. In my case, I've configured AutoTrade to start 45min prior to market close. I use MKT orders "in case" analysis doesn't complete before market close (happens occasionally due to unexpected OT data updates taking longer than expected), in which case the MKT orders get executed at market open. I believe this produces a result that is "close" to the results produced with PortSim using MOC orders.

I have AutoTrade configured to update the portfolio 1 hour before market open. Occasionally, this finds another exit condition as a result of last hour changes, and causes a TP to issue a position close order. So, this is another reason I use MKT orders, rather than MOC.
Deleting message 31204 : RE: Issues with MOC orders


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