One Day Trade

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One Day Trade

Postby daytrade » Fri Aug 15, 2014 10:20 pm

Hi,

I need strategy that Buy at Next Day Open, Wait for Profit Target(X Percent), If acheive then Sell it OR Sell at Close of Same Day.

I searched this Forum and found EXit String as: GTCLimit(0.5) or $daysheld >= 0 but it generates strategy not exactly for 0 holding day.
It also trade for more than one days.
Can Someone Guide me Settings for generating above strategy.
daytrade
 
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Re: One Day Trade

Postby Overload » Sat Aug 16, 2014 1:12 pm

Your settings sound correct, except that you will need to go to the Order Types tab of your Strategy Setup and change the Exit Price from "ref(open, 1)" to "close". This will change the exit price so that it exits at the day's close instead of the next day's open. If you use this approach, the Detail results will still display that the position has exited on the next day as far as the exit date is concerned, but by using "close" as the exit price, the position will actually use that and include it in the results.

Pete
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Re: One Day Trade

Postby mandelmus » Wed Aug 20, 2014 3:07 am

Related info in this thread ... viewtopic.php?f=3&t=1107
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