tomb
267 posts
msg #48758
- Ignore tomb |
12/23/2006 2:11:53 PM
Hi,
The current applicable rule applied by StockFetcher is: by default, the "open" is used for the entry price. If the "high" of the day exceeds the entry price, by the declared profit stop percentage, then the stop is executed. So, with default settings, your problem scenario will not apply.
With the settings available, it is certainly possible to create situations as you indicate. A perfect example is to set the entry price to "low" and your profit stop will be executed, same day if met. Unfortunately, without time sequencing of high and low intraday prices; it is not possible to prevent this "problem".
We would recommend either keeping with the default entry price settings or place a 1-day minimum holding period to avoid this scenario.
Tom
StockFetcher.com Support
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