gawdib
9th April 2007, 02:12 AM
I am confused by some of the posts as to what the extfml function allowing pyramiding does, from the standpoint of when it enters, then what entry price gets registered.
My own situation is using a weekly system.
Usually I have coded the original entry criteria by Ref(long entry trigger,-1), and used the entry price as the open*a slippage formula.
Therefore, my entry triggers are set off by the close on Fridays.
I put in orders for buying on Monday, at the open price, with my encoded calculation for slippage in the Metastock exploration.
I want the pyramid entry funtion to be set off when the close on Friday gives an entry trigger plus that the % increase in stock price, over the price that was the entry price on the original entry, met the 10% increase criteria I set in the pyramid extfml.
therefore, I need the price recorded by Tradesim from the pyramid entry price to reflect the Monday open price along with the slippage formula I use in the original entry price.
Is that how the pyramid function is doing it? If not, what might the best way to acheive that?
thank you, Geo
My own situation is using a weekly system.
Usually I have coded the original entry criteria by Ref(long entry trigger,-1), and used the entry price as the open*a slippage formula.
Therefore, my entry triggers are set off by the close on Fridays.
I put in orders for buying on Monday, at the open price, with my encoded calculation for slippage in the Metastock exploration.
I want the pyramid entry funtion to be set off when the close on Friday gives an entry trigger plus that the % increase in stock price, over the price that was the entry price on the original entry, met the 10% increase criteria I set in the pyramid extfml.
therefore, I need the price recorded by Tradesim from the pyramid entry price to reflect the Monday open price along with the slippage formula I use in the original entry price.
Is that how the pyramid function is doing it? If not, what might the best way to acheive that?
thank you, Geo