> > - Original Message -
> > From: intermilan04
> > To: amibroker@yahoogroups.com
> > Sent: Wednesday, August 23, 2006 6:52 PM
> > Subject: [amibroker] Re: Buying at open -- In Real Life
> >
> >
> > I am by no means one of the big fish
not like the 100% your broker get you.
>
> - Original Message -
> From: intermilan04
> To: amibroker@yahoogroups.com
> Sent: Wednesday, August 23, 2006 6:52 PM
> Subject: [amibroker] Re: Buying at open -- In Real Life
>
>
> I am by n
23, 2006 6:52
PM
Subject: [amibroker] Re: Buying at open
-- In Real Life
I am by no means one of the big fish in the market, but I have
notexperienced a single occassion of slippage. The "opening price"
thatshows up on Yahoo Finance is the exact price, down to c
r
>> > takes a vacation and never has computer problems and
F> already "knows"
>> > about all the wars, oil spills, etc ;-)
>> >
>> > (Not preaching to you Monty, just taking the opportunity and your
>> > research to make a point.)
>>
> -Original Message-
> > From: amibroker@yahoogroups.com
[mailto:[EMAIL PROTECTED] On
> > Behalf Of the_bear_98
> > Sent: Tuesday, August 22, 2006 16:06
> > To: amibroker@yahoogroups.com
> > Subject: [amibroker] Re: Buying at open -- In Real Life
> >
> >
s
> for a
> > nickel change is price, something else is wrong -- or you are
> trading in
> > minutes and not days ;-)
> >
> > --
> >
> > Terry
> >
> > -Original Message-
> > From: amibroker@yahoogroups.com [mailto:[EMAIL
L PROTECTED] On
Behalf Of the_bear_98
Sent: Tuesday, August 22, 2006 16:06
To: amibroker@yahoogroups.com
Subject: [amibroker] Re: Buying at open -- In Real Life
Terry, Yes, it looks like a "minutes" type test, but actually was
about 750 trades over 8 years with an average holding time of 6.
ups.com [mailto:[EMAIL PROTECTED]
On
> Behalf Of M Webb
> Sent: Sunday, August 20, 2006 12:02
> To: amibroker@yahoogroups.com
> Subject: Re: [amibroker] Re: Buying at open -- In Real Life
>
>
>
> You might want to do a sensitivity test to see what happens to your
>
> ...and how can you pontificate that the exchange doesn't matter?
Pontificate...? Yeah, I was riding the 'high horse' on that post
wasn't I. I'll repent by riding on the donkey cart for a few days.
Since I ignored the exchange issue, feel free to elaborate your own
insights on the subject.
Hi Yuki and Bob,
It appears to me that NASDAQ's Opening Cross works in similar manner
as Tokyo. Of course, Tokyo has the infamous Stop-High and Stop-Low,
which halt trading altogether, but that's a different story here,
since we are discussing how opening prices are determined.
I like NASDAQ and
Hi Bob,
Tuesday, August 22, 2006, 1:27:43 PM, you wrote:
BJ> and how can you pontificate that the exchange doesn't matter?
It matters. In Tokyo, if you have a market order in prior to the
open, you will get a one-price fill at the price that will be printed
as the open in every data service
"New York, N.Y. The Nasdaq Stock Market, Inc. (NASDAQ®; OTCBB: NDAQ)
announced it has completed its rollout of the NASDAQ Opening CrossSM,
a new, fully-transparent auction process for opening the NASDAQ
Market. Launched in October, the Opening Cross is a centralized order
facility that provides m
...and how can you pontificate that the exchange doesn't matter?
-Original Message-
From: amibroker@yahoogroups.com [mailto:[EMAIL PROTECTED]
Behalf Of Phsst
Sent: Monday, August 21, 2006 9:14 PM
To: amibroker@yahoogroups.com
Subject: [amibroker] Re: Buying at open -- In Real Life
>If you place your order 5 seconds after the bell, then you might not
get the opening price; but if your order has been open throughout
pre-market, you should get the opening price as everyone else.>
No, No, No, No, NO...
In all markets there is a Bid/Ask price which is associated with a
Bid/Ask
ssage-
From: amibroker@yahoogroups.com
[mailto:[EMAIL PROTECTED] On Behalf
Of M Webb
Sent: Sunday, August 20, 2006
12:02
To: amibroker@yahoogroups.com
Subject: Re: [amibroker] Re:
Buying at open -- In Real Life
You might want to do a sensitivity
test to see what happens to your system if you do no
Does anyone have any links to webpages that describe how the
openings are determined for any US markets?
BrianB2.
--- In amibroker@yahoogroups.com, "intermilan04" <[EMAIL PROTECTED]>
wrote:
>
> Monty,
>
> You brought up a very interesting point here.
> So far, I haven't missed the "open," sinc
Monty,
You brought up a very interesting point here.
So far, I haven't missed the "open," since I place my orders
overnight. The "open" price you see on Yahoo Finance is the price I
trade with.
I did a little bit of research on determination of opening prices.
NASDAQ determines the open by Open
You might want to do a sensitivity test to see what
happens to your system if you do not get the "OPEN".
First run the cases where the High is greater than
the Open, and you fill at some possible price within that range, and then run
the cases where the Low is lower than the Open and you get
Fred,
In order to avoid situations you described below, one has to close out
positions intraday, i.e. daytrade.
Any positions overnight are subject to huge gap ups and downs.
intermilan04
--- In amibroker@yahoogroups.com, "Fred" <[EMAIL PROTECTED]> wrote:
>
> "Pt was right.
> It is only mon
"Pt was right.
It is only money.
We don't forfeit our lives, only our trading capital."
That depends on which overnight it is ... and where you are in the
morning ... Lucky for you that you didn't work in the WTC or enter a
long MOO on the evening of 9/10/01. Those who did the latter I'm su
Best regards
> Joe
>
>
>
>
>
> - Original Message
> From: intermilan04 <[EMAIL PROTECTED]>
> To: amibroker@yahoogroups.com
> Sent: Friday, August 18, 2006 9:51:35 AM
> Subject: [amibroker] Re: Buying at open -- In Real Life
>
>
> I've been
TED]>
> To: amibroker@yahoogroups.com
> Sent: Friday, August 18, 2006 9:51:35 AM
> Subject: [amibroker] Re: Buying at open -- In Real Life
>
>
> I've been placing market orders overnight, therefore I've been
> entering at the "open." So far, I haven
Thanks to everyone who posted, especially those who gave testimony
to their real life experiences.
You can't beat practice coupled with good theory.
Every short term trader who holds overnight is in effect 'buying the
open' the next day, which I agree is like having a blindfold on.
If we are act
AIL PROTECTED]>
To: amibroker@yahoogroups.com
Sent: Friday, August 18, 2006 9:51:35 AM
Subject: [amibroker] Re: Buying at open -- In Real Life
I've been placing market orders overnight, therefore I've been
entering at the "open." So far, I haven't been screwed with the
I've been placing market orders overnight, therefore I've been
entering at the "open." So far, I haven't been screwed with the
opening price that I've gotten (I made like 10 trades...some gapped up
because the entire market gapped up several times). This week has
been a great market, so I'm up 5%
> IB allows you to automate buying at open (set Time In Force to
"OPG") or with delay (set Good After Time to 9:40, for example).
> I have tried both, and found my system got better fills at open. (IB
can get you the exact open prices in most cases.)
Much Thanks... D
Please note that this g
> IB has an Market Time order of OPG which you have to find somewhere in
> the details and "turn it on" so you can select it instead of MKT, GTC,
> etc. It gets you very very close to the real open price. Some exchanges
> are better than others, but it works quite well.
Nice to know.
IB TWS is n
al Message -
From:
Terry
To: amibroker@yahoogroups.com
Sent: Thursday, August 17, 2006 10:18
PM
Subject: RE: [amibroker] Re: Buying at
open -- In Real Life
IB has an Market Time order of OPG which you have to find somewhere
inthe details and "turn it on" so you can
IB has an Market Time order of OPG which you have to find somewhere in
the details and "turn it on" so you can select it instead of MKT, GTC,
etc. It gets you very very close to the real open price. Some exchanges
are better than others, but it works quite well.
--
Terry
-Original Message-
> The simple answer is ... DON'T ... It's like trading with a blind
fold on ... Blind folds are only good if you are at the wrong end of a
firing squad or the object of humor in pin the tail on the donkey ..
Both of which seem to be quite appropriate analogies for this methodology.
Hi Fred,
Th
Hi Brian,
I think it's part of life. This year has been very unstable due to
rising oil prices and Middle East crisis. I am doing what I can to do
well in such a bad market nonetheless. Learning the pros and cons of
opening trading is one way, and I've learned a few things already
thanks to the
Hi Dave,
I think buying 5-30 minutes after the market open is a wise way to
avoid the opening volatility. As you mentioned, the big moves right
after open and you physically have to be in front of the PC is the
bottleneck. I might add that I have to have intraday quotes as
opposed to EOD data.
The simple answer is ... DON'T ... It's like trading with a blind fold
on ... Blind folds are only good if you are at the wrong end of a
firing squad or the object of humor in pin the tail on the donkey ...
Both of which seem to be quite appropriate analogies for this
methodology.
Please n
Intermilan004,
Thanks for your post as it raises some interesting trading issues.
1. 10 20 year trading systems.
I empathize with you that your `tried and tested' system is not
going so well.
The market can appear cruel and capricious at times.
When I was at school I was not a mathematics gee
One thing to consider versus Buying At Open is to buy about 5-30
minutes after opening. This of course requires you to be present at
this time or use automation if you still have a day job. Depending
on the stock, some settle down within the first few minutes and have
much better true liquid
gt; ps = Min(sig.PosSize, bo.Equity * 0.10);
>
> // long only
>
> bo.EnterTrade(bar, sig.symbol, True, sig.Price, ps,
sig.PosScore,sig.RoundLotSize);
>
> }
>
> }
>
>
>
> - Original Message -
> From: intermilan04
> To: amibroker@yah
- Original Message -
From:
intermilan04
To: amibroker@yahoogroups.com
Sent: Tuesday, August 15, 2006 11:37
PM
Subject: [amibroker] Re: Buying at open
-- In Real Life
Hi Mark,Very interesting approach. How do you limit the volume like
how youdo? I am aware yo
Hi Mark,
Very interesting approach. How do you limit the volume like how you
do? I am aware you can limit by % of one bar's volume, but not sure
if you could do like 1% of 50 period EMA of volume.
Regards,
intermilan04
--- In amibroker@yahoogroups.com, "Mark H" <[EMAIL PROTECTED]> wrote:
>
>
Hi,
I have that statement placed in my system. I download quotes at
night, scan for signals and make trades next morning.
What's been bothering me is, my system which has worked marvelously
the past 10-20 years is just not working nearly as good this year.
My strategy is buying on a dip, i.e. p
Hi Yuki,
Thank you for your thorough reply.
I did some research on opening price determination and discovered that
NYSE stocks' opening prices are determined by the bookmakers, whereas
NASDAQ opening prices are determined by the Opening Cross, computers
considering market and limit orders that are
Ah so!
I didn't know 100K was a hot item in forumland.
If I had I could have grabbed it, no trouble at all.
Now that I know I will be sweating on beating you to 200k.
BrianB2.
--- In amibroker@yahoogroups.com, Yuki Taga <[EMAIL PROTECTED]> wrote:
>
> Hi intermilan04,
>
> This is, of course, no
You might want to ensure a delay (i.e. rade at tomorrow's open) with
the following statement:
SetTradeDelays( 1, 1, 1, 1 );
--- In amibroker@yahoogroups.com, "Paul Ho" <[EMAIL PROTECTED]> wrote:
>
> Are you sure you haven't "look into the future" with one of your
statements
> e.g. buy on open w
Hello Yuki Taga,
I really enjoyed your post for several reasons.
I appreciate the code help given at the forum; it is invaluable, but
I also like to see broader trading issues discussed here.
As I make no secret of the fact in the forum that I am not a
classically trained trader, I appreciated y
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