Download software Tutorial videos
Subscription & data-feed pricing Class schedule


New account application Trading resources
Margin rates Stock & option commissions

Attention: Discussion forums are read-only for extended maintenance until further notice.
Welcome Guest, please sign in to participate in a discussion. Search | Active Topics |

Entering and exiting on the same bar Rate this Topic:
Previous Topic · Next Topic Watch this topic · Print this topic ·
rcooper1
Posted : Thursday, August 26, 2010 10:43:35 PM
Registered User
Joined: 6/25/2010
Posts: 44
Is it possible to use the built in parameters to set up a backscan that will enter at the open of the signal bar and close on the close of the same bar?  When I set up a backscan to buy on a gap open up > 3% at the open of the 0 bar (impossible, of course, but useful as a reference price to enter immediately after the gap), and to sell at the close of the 0 bar when trade exceeds 0 bars, all of the trades seem to span two bars and not one.  What is the tester doing, and can manipulate the rules into doing what I want?  Thanks, Richard
Bruce_L
Posted : Friday, August 27, 2010 8:52:04 AM


Worden Trainer

Joined: 10/7/2004
Posts: 65,138
It is not possible to Enter and Exit a position on the same Bar in the current version of BackScanner because only one Rule can be Triggered or Executed during each Bar (although it is possible to switch between Long and Short since Entering a Long position will automatically Exit a Short position and Entering a Short position will automatically Exit a Long position).

-Bruce
Personal Criteria Formulas
TC2000 Support Articles
jas0501
Posted : Friday, August 27, 2010 9:30:14 AM
Registered User
Joined: 12/31/2005
Posts: 2,499
One way:

Run 1. Buy on open and sell on next open
Run 2. Buy one close and sell on next open

(Run 1 - Run 2) is equal to Buy one open sell on close
Users browsing this topic
Guest-1

Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.