How long are stop and limit orders valid for?

Marc · 2018-11-09T12:48:22+00:00

Hi together, How long is an order valid? Until end of trading day or period? As Example: My EA’s period is on hourly basis. When I place a stopp or limit at 10 o’clock will this order be cancelled at end of trading day or after 10:59:59? Thank you Marc

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11/09/2018 at 1:48 PM #84485 quote

Marc
Participant

Average

Hi together,

How long is an order valid? Until end of trading day or period?

As Example:
My EA’s period is on hourly basis. When I place a stopp or limit at 10 o’clock will this order be cancelled at end of trading day or after 10:59:59?

Thank you
Marc

11/09/2018 at 2:04 PM #84488 quote

Nicolas
Keymaster

Legend

If the orders you are talking about are pending ones, they last 1 bar. So if your strategy is running on a daily timeframe, the orders will expire the next day, at Close.

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11/09/2018 at 2:39 PM #84493 quote

Vonasi
Moderator

Master

On the 1 hour chart candles/bars last 1 hour so your pending orders will last one hour and be deleted at the close of the bar.

I will edit your topic title to make it a little easier to understand.

Marc thanked this post

11/12/2018 at 12:10 PM #84685 quote

Marc
Participant

Average

Thank you very much for your help.

Is it possible to extend period until deletion?

Thank you in advance
Marc

11/12/2018 at 1:25 PM #84689 quote
Nicolas
Keymaster

Legend
No, but you can put the pending order continuously at each new bar in the code with a simple condition:
```
if PendingConditions=1 then //still true to put pending orders
 buy 1 share at dhigh(0) stop
endif
```
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11/12/2018 at 4:46 PM #84699 quote

Marc
Participant

Average

great 🙂 thank you
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How long are stop and limit orders valid for?

ProOrder: Automated Strategies & Backtesting

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Marc @mast83 Participant

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This topic contains 5 replies,
has 3 voices, and was last updated by Marc
7 years, 11 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	11/09/2018
Status:	Active
Attachments:	No files