Opening Orders - 2008

Quote from caljr:

Hi, no fills today, just getting started with OO. Been testing for awhile but today was live orders and a basket.

Starting small of course, 1 stock, 100 shares.
More...

I recommend putting in more than one stock, even just starting out, otherwise you'll find you won't get many (any) fills. Keep the share size small, as you're doing, but try to put in a list of at least 5 - 10 stocks. Welcome aboard and good luck.

Shut out today, only filled on a test position. Pretty lame week for me. Back at it Tuesday...
 
Hi thanks for the welcome and tips sucre. I am going to add more next week after some review of the test pool this weekend.

No fills for me today, 6 stocks 100 shares
 
What about tracking your OP orders stocks / groups stats each day into a database...

1. Enter in the amount the SP futs where up or down...
2. Put in Fair Value
3. The volume on each stock pre open
4. Whether they move up .33 first or down once opening order printed...
5. How many points up or down the stock opens from the last close.

catalog like that and then run stats on the collected info over 6 months, 12 months... to tweak the enveloping and follow up plays...
 
I would like to use OPG strategy on canadian stocks. the problem is that IB told me there is no OPG order with TSX exchange. I wonder how i can get the opening price for my order. I wonder if any one can have the answer, especially Don, since he has an office branch in Canada. Many thanks.
 
Quote from zhexin2:

I would like to use OPG strategy on canadian stocks. the problem is that IB told me there is no OPG order with TSX exchange. I wonder how i can get the opening price for my order. I wonder if any one can have the answer, especially Don, since he has an office branch in Canada. Many thanks.
More...

Hi, we don't trade the TSX, but I can imagine they might use the Nasdaq model with no actual opening prices, just a posted price at a certain opening time. I'm not sure, just guessing.

Don
 
The only way to get opening price in Canada is with a market order entered pre open. There is an opening price in Canada. It's an electronic system that picks the open based on supply/demand that will leave the least amount of residual orders after open. If you place limit orders then they would need to be cancelled manually right after open. There is no limit open orders.
 
You must log in or register to reply here.
Back
Top