Hi. What are your experiences with Market-on-open orders? Do you get the price which is later shown as the "OPEN" price in the charts ? Does this depend on the markets (NYSE, Nasdaq) and / or the order size (odd / even lot) ? Prisma
There is a tremendous amount of info on ET about the Opening Orders. Just to solidify the concept in my pea brain... As I understand it, the entry is mechanical, ie., not subjective. If filled, the rest of the trade is subjective, ie., the trader must apply his skills to determine the exit. These trades are typically very, very, short term... less than 30 minutes anyway. They are not intended to capture a big move. Comments?
You have the basics for the strategy. Automated order entry based on FV calculations. The "art" is in closing the trades....search for "slingshot" and "shakeout" to see how we handle special situations. Don