Assume you're long the bund a 112.20, the last price was 112.18.
If you are down 2 ticks, you close.
In Excel this could be:
A1=112.20
A2=112.18
A3=IF(A2-A1=-.02, "Sell","")
However, you would still be long because the soution =-0.0199999999999960.
This is the case with Excel '97, '02 and '07 and appears to be imprecise for quite a range.
Grant.
If you are down 2 ticks, you close.
In Excel this could be:
A1=112.20
A2=112.18
A3=IF(A2-A1=-.02, "Sell","")
However, you would still be long because the soution =-0.0199999999999960.
This is the case with Excel '97, '02 and '07 and appears to be imprecise for quite a range.
Grant.