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Open Feature request MC-363

allowing conditional orders based on the Open of the next bar

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Hello, I am a Multicharts user (it's a fabulous product) and have one improvement request....in Powerlanguage could you please add the functionality to program Orders for trading systems which allow a condition based on the open of the next bar....for example to process these kinds of orders:
"if the next bar open >= 1343 then buy 1 contract at Market"  This order buys 1 contract at market if the Open is >= 1343
"Buy 1 contract next next bar at Open + 10 points on stop"   If the next bar opens at 1343 then this order will buy one contract at 1353 on stop (during the next bar)
Multicharts does not currently handle these types of orders very well...Larry Williams calls these types of orders "Expansion Orders" as trade is executed x points away from the Open
These types of orders are very useful for constructing trasding systems many Thanks Trevor

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issue described above

Comments (1)
user-offline.png  MultiCharts Support (MultiCharts)
Jun 13, 2013 - 12:51

http://www.multicharts.com/trading-software/index.php/Symbol_Open is supposed to give you this opportunity for backtesting.

Issue basics
  • Type of issue
    Feature request
  • Category
  • Targeted for
    MultiCharts 8.5 (RELEASED)
  • Status
User pain
  • Type of bug
    Not triaged
  • Likelihood
    Not triaged
  • Effect
    Not triaged
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