Always on market

AlgoAlex · 2019-06-04T10:56:50+00:00

Given two conditions, let call them BUY and SELL, is it possible to create a system always on market long or short? F.e. when the system starts, the firs signal is BUY, and it stays long on market until a SELL signal appears that close the long and open a short position etc. Is it possible in ProOrder?

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06/04/2019 at 11:56 AM #99929 quote

AlgoAlex
Participant

Master

Given two conditions, let call them BUY and SELL, is it possible to create a system always on market long or short?

F.e. when the system starts, the firs signal is BUY, and it stays long on market until a SELL signal appears that close the long and open a short position etc.

Is it possible in ProOrder?

06/04/2019 at 12:09 PM #99931 quote

GraHal
Participant

Master

Yes I’ve got a few like that … they are onmarket like 98.9% of the time!

You need cumulateorders = False, well I do anyway as I always do.

06/04/2019 at 12:11 PM #99932 quote

Vonasi
Moderator

Master

Yes. Any time that you are long on the market a SELLSHORT order will close the long trade and open a short trade and any time that you are short on the market a BUY order will close the short trade and open a long trade.

06/04/2019 at 12:30 PM #99933 quote

Nicolas
Keymaster

Legend

Yes and because hedging is not possible through a single ProOrder system, that how it operates: close the current order before sending the opposite one:

A buy order will close the short one and vice-versa.

06/04/2019 at 12:32 PM #99937 quote

AlgoAlex
Participant

Master

So all I need is just define buy and sellshort conditions?

06/04/2019 at 12:37 PM #99938 quote

GraHal
Participant

Master

Yes and use cumulate = false unless you want multiple BUY orders OR multiple SELL Orders … which you might get depending on your conditions?/

06/04/2019 at 12:37 PM #99939 quote

robertogozzi
Moderator

Legend

Yes.

06/04/2019 at 12:48 PM #99940 quote

AlgoAlex
Participant

Master

GraHal wrote:

Yes and use cumulate = false unless you want multiple BUY orders OR multiple SELL Orders … which you might get depending on your conditions?/

No sure I want the system to be long or short with a fixed size.

It would be impossible to have multiple buys or sells open because my idea has an alternation of buy and sell.

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