Cincinnati, OH
Experience: Beginner
Platform: NinjaTrader/Thinkorswim
Broker: Ninjatrader/FXCM/TD
Trading: All of them
Posts: 13 since Jan 2016
Thanks Given: 2
Thanks Received: 1
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Here are some links to explain gapless indicators if some don't know what they are
Gapless Technical Analysis Indicators for Professional Traders | Home
I would like to make my strategy gapless but seeing as how it doesn't use indicators but a series of calculations I have put into the strategy itself I'm wondering what the most effective way to do this would be.
I'd like my strategy to run 24/5 and it might end the week long or short and it could be any number of lots/contracts and there could be orders on both sides of the position, what I'd like to know how to do is when the market closes and the strategy closes the position and the orders to avoid weekend gaps and then just get back in the same number of lots/contracts in the same direction at the new market price at open and place orders around it the same distance the orders were from the position when the market closed a couple days prior and then somehow have my strategy pick right back up where it left off.
Further not sure how to work around holidays either.
Could this be done using stored order information or would it have to be done the way they do with the indicators in the other thread, like this:
"This is how it works: The opening “gap” is recorded for the first bar of each trading day.
A relative stream of OHLC's are calculated by subtracting this “gap” from the actual prices. This relative stream of OHLC’s are maintained right along side of the real OHLC’s. If the EL programmer needs to convert between the relative prices and the real price data, the sum of all the gap values is stored in the variable, “accum,” which makes the conversion simple."
Thanks
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