FLAtAFTER how does it work in practice?

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05/12/2016 at 11:29 PM #6946 quote

Wilko
Participant

Senior

Hi,

I have a question regarding FlatAfter. My example is trading the DAX. Opening times of the DAX are 080000-220000. Outside of that period the bid-offer spread provided by IG Markets is much wider, and therefore I would like to avoid treding outside of the contract’s ordinary trading hours.

So my question is this: If my system is trading on e.g. hourly charts in PRT, would it be appropriate to set FlatAfter=220000? Let’s take an illustrative example of my dilemma: If my system would want to initiate for example a short postion at 220000, would the system issue a sell-order and then immediately exit the short with a buy-order in the same bar (220000)? Or would it initiate the sell order at 220000 and cancel the sell at the next bar, in this example 230000? Or would it simply not issue any sell-order to initiate the short position as the time is 220000 and the order is to be FlatAfter 220000?

3 options and not clear to me from the manual which way it would work.

Thanks for any guidance!

05/13/2016 at 8:35 AM #6954 quote

Nicolas
Keymaster

Master

Hi, IMO it would not initiate trade at all from 220000.

It would also close all previously opened trades.
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FLAtAFTER how does it work in practice?

ProOrder: Automated Strategies & Backtesting

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Wilko @wilko Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by Nicolas
9 years, 9 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	05/12/2016
Status:	Active
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