Contrary to certain documentation, there are real life situations where it may be possible to buy signal day open, IF the signal IS the open price itself.
If for example I want to BUY a stock that opens down 5%, then sell the close of that day, can you show me how to set up a strategy to do that. My signal is simply that stock opens down 5% from
yesterday's closing price. I want to look at performance from that open to that day's close. I am using EOD data. It is conceivable that I could set resting orders to buy at minimum of 5% below previous
close for a watchlist of symbols.
Thank you so much....! Trying to create basic buy and sell and short and cover rules for re-use based on signal day open to signal day close, signal day close to NEXT DAY open, signal day close to NEXT DAY close, signal day NEXT DAY open to signal day NEXT DAY close and this helps. Much obliged. The timing configurations seem touchy and require patience in my initial forays.
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.
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