joelbaby
14th October 2003, 04:01 AM
Hi,
say you could only enter trades at night. Using a risk based model you would:
Calculate your: stop loss and maximum entry price.
Enter a 'Limit' order to buy a number of shares assuming that entry price.
For example:
Stop Loss $1.
Max Entry: $1.10
Risk: $100
Total shares=$100/.1 = 1000 shares.
IN REALITY you would enter an order to buy 1000 shares at $1.10.
Now lets say the market opened at $1.05.
Our entry price would be $1.05 for 1000 shares.
IN TRADESIM you could not do this. For the same risk, it would simulate that you bought 2000 shares at $1.05.
Is there any way to add a feature to simulate 'Limit' orders?
That way Tradesim would allow you to keep the 'correct' market open entry price, but position size based on your precalculated initial stop loss size?
Thanks,
Joel
say you could only enter trades at night. Using a risk based model you would:
Calculate your: stop loss and maximum entry price.
Enter a 'Limit' order to buy a number of shares assuming that entry price.
For example:
Stop Loss $1.
Max Entry: $1.10
Risk: $100
Total shares=$100/.1 = 1000 shares.
IN REALITY you would enter an order to buy 1000 shares at $1.10.
Now lets say the market opened at $1.05.
Our entry price would be $1.05 for 1000 shares.
IN TRADESIM you could not do this. For the same risk, it would simulate that you bought 2000 shares at $1.05.
Is there any way to add a feature to simulate 'Limit' orders?
That way Tradesim would allow you to keep the 'correct' market open entry price, but position size based on your precalculated initial stop loss size?
Thanks,
Joel