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Bar Magnifier will let you use something like a minute or day chart and then it will behind the scenes "magnify" that bar using tick data so you can accurately determine what happened inside of 1 bar when needed. It does this so it knows the order of the OHLC. Without it, you can't determine the order of the OHLC (think about it: was the high made before or after the low, etc) which is obviously very important for profit targets and stop losses.
IOG lets you send signals intrabar, so instead of on bar close to do some action, you can do it in the middle of a bar. If you have a 30 minute bar and only 1 minute into the bar your <xyz> crossover occurs or whatever, it can send the buy signal right then instead of waiting for the 30 minute bar to close.
Thanks Mike
If I understood well, If I use a Stop entry, price as to cross over my target to issu a market order. So in that case, I should use IOG = true to make sure that the entry will be done when the price was reached, not after the ending of the bar .
Hope this isn't something fundamental that I've overlooked, but I haven't been able to figure out how to open/close a position intrabar?
The Easy/Power-language manual only show me the "on close/on next bar".
Many thanks,
cc
found some more information, this is from traderslaboratory:
"With
[IntrabarOrderGeneration = True]
in a strategy and no conflicting barstatus statements then
buy next bar market;
means immediately (next tick) (for intrabar a tick is a trade)"
makes sense, but I can't seem to make it work. What, for example if I want to trade on the daily and go long when price crosses above EMA 100?
thanks bibulous, I was editing my post while you were writing your answer. any idea about the problem above.
I can compare high, but I only know high when the bar closes, and using last seems to give me some unexpected results.