Entry methods : at market, stop and limit

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Viewing 13 posts - 1 through 13 (of 13 total)
  • 03/03/2018 at 10:30 PM #64323
    Jan

    If you want to open a position, there appears to be (at least) two entry commands possible at the end of the line, see example below:

    if Condition A  then

    Buy  1 share  “at market”   (most commonly used, which execute the buy order always, usually at the price of opening of the first following bar, after spread)

    Buy 1 share at Low  “stop”

    My question is what exactly the latest command does ?

    Thanks in advance for the information !

     

    Moderator’s edit: topic moved from “platform support forum” to “ProOrder support forum” (rule number one of platform support forum: do not use it for programming issues/questions, use dedicated forums instead)

     

    03/03/2018 at 10:40 PM #64324
    GraHal

    Hi Jan

    Hope below helps?

    If not just say.

    Cheers
    GraHal

    PS Low or Low[0] is the Low of the current bar, Low[5] is the Low of bar which is / was 5 bars before the current bar.

    https://www.investopedia.com/ask/answers/04/022704.asp

     

    03/05/2018 at 5:53 PM #64474
    Jan

    GraHal,

     

    thanks for the reply, and the attachment ! The link /topic/entry-methods-at-market-stop-and-limit/#post-64324  is clear !

    Should have known this. Another question:

    1. When does the stop or limit order disappear (when not filled) ? Alternatively which code to use  to do so ?

    2.  How to best search on this platform for topics ?

    Kind regards

     

    03/05/2018 at 6:28 PM #64478
    Leo
    JanWd wrote
    1. When does the stop or limit order disappear (when not filled) ? Alternatively which code to use to do so ?

    Pending orders are deleted every time when the bar closes. If you needed longer then make it so in the code like:

    buy 1 share at lowest[5](low) Limit

    or

    sellshort 1 share at lowest[5](low) Stop

    03/05/2018 at 7:00 PM #64483
    Jan

    thank you very much for your valuable and instant reply !!

    03/05/2018 at 9:39 PM #64506
    GraHal

    Re search, see attached

    03/07/2018 at 2:15 PM #64671
    Nicolas
    Leo wrote:

    Pending orders are deleted every time when the bar closes. If you needed longer then make it so in the code like:

    Pending orders have an expiration time of only 1 period, whatever is the price levels set with STOP or LIMIT.

    04/10/2019 at 8:39 PM #96003
    Sascha

    Hi Nicolas,

    Is there any way to extend the expiration time of a pending order to more than 1 period, like for the next two or three periods?

    If not, is it possible to create an alternative solution like for example:

    1.  if order not filled then place order again  or

    2. if order not filled then check the entry conditions again but now we have to check two periods ago?  Does that make sense?

    Thanks.

    Sascha

    04/10/2019 at 9:13 PM #96005
    robertogozzi

    Set a flag when conditions are met, then clear it when conditions are no more met.

    While the flag is set place a new pending order each bar.

    04/11/2019 at 12:14 PM #96067
    Sascha

    Thanks Roberto for your comment.

    However, how do I set a flag and put what you said in a code?

    Is there any other forum post that you know of that describes this in more detail?

    It’s hard to find with so many posts in this forum.

    Thanks in advance.

    04/11/2019 at 12:26 PM #96068
    robertogozzi

    You can easily search topics with common words like “sma”, “stochastic”,”ichimoku”, but it’s difficult to find matches for, say, “set a flag” or similar.

    You can set it when your conditions are met:

    Then clear it when they are no more met or when onmarket:

    Use it to place a pending order:

     

     

     

    04/11/2019 at 2:49 PM #96106
    Sascha

    Thanks Roberto.

    I’m trying to wrap my head around this.

    If on the 1st 15min bar MyConditions are met (I have 7 conditions), then it will set the CondFlag to 1.

    It will then place a pending order.

    Question: Will this order stay or would it be cancelled like every other order after the end of the 15min bar if there is no fill?

    Then in the 2nd 15min bar it will check again if MyConditions are met (which for my strategy is not the case as the signal will always be there for only 1 bar), so it would immediately set the CondFlag to 0 again and there would be no new order.

    Thanks.

    04/11/2019 at 3:25 PM #96113
    robertogozzi

    Pending orders expire after ONE bars and have to be placed again, if needed.

    You set the CONDFLAG when your conditions are true, then, to enter a BUY/SELLSHORT pending order you should NOT rely on your conditions any more, rather use CONDFLAG.

    You don’t have to set CONDFLAG exactly when your 7 conditions are no more met, otherwise it is useless. You must clear it when:

    • you are OnMarket (unless you want to add further contracts)
    • your conditions (can be different from those to start placing it) to place the pending order are no more valid (maybe after a number of elapsed bars without being triggered or when some MA’s cross the other way round….)

     

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