Modify Opening Range System

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Fri, 08/02/2019 - 13:48
#1
robmak
Last seen: 4 years 10 months ago
Joined: 07/30/2014 - 16:18
Modify Opening Range System

I've been looking over these videos. I'm wondering if a trigger for long/short trade be made when bid above the OR high for a long, or offered below the OR low for a short instead of just using a tick above/below. If yes, can you show me how it can be done ?

https://www.linnsoft.com/videos/opening-range-system
https://www.linnsoft.com/videos/homework-opening-range-trade

Thanks

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Fri, 08/02/2019 - 13:53
cpayne
Last seen: 1 year 7 months ago
Joined: 03/30/2009 - 00:00
Stored Data

We store trades/ticks historically but not the activity (bid/ask changes) between the trades.  We do have the bid and ask prices at the time of each trade/tick, but if the bid is above the OR then it's almost guaranteed that the price of that trade/tick is also going to be above the OR so that would be very unlikely to change your results from a backtesting standpoint.

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