Buy at close and sell on open

I would like to buy at the close of the day and sell at the open of the next day

If i write the code below, it seems to be doing what i want in the backtest, but will this work with live trading?

Or should i be trying to do this on an intraday chart?
Currently I'm using a daily chart, and the backtest is working, but i'm affraid it might not work in real, and it might actully just try and buy the next day

Hello

you buy the close market (close of last bar of the day) and you sell the open market (open of firest bar of the day)?

so...your strategy plays with gap-up only?

I would like to buy at the close of the day and sell at the open of the next day
If i write the code below, it seems to be doing what i want in the backtest, but will this work with live trading?
Or should i be trying to do this on an intraday chart?
Currently I'm using a daily chart, and the backtest is working, but i'm affraid it might not work in real, and it might actully just try and buy the next day

Code: Select all

Buy ("Night") this bar at close;
Sell("Sell") next bar at open;

See post #7
[FAQ] This Bar on Close
viewtopic.php?f=16&t=10811

So you're placing a market order at the second that the market has closed?

Depending on the market that you're trading, there are ways to trade the close, but not like this and not at the prices of a daily bar...