Is it possible to have Buy and Sell position at the same time?

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  • 04/06/2018 at 11:43 AM #67424 quote
    Andre Vorster
    Participant
    Senior

    Hello

    I don’t know if this is possible. I went through PRT options and dont see anything.

    I’m looking for a way to set a buy and sell position at the same time. But if the buy position is triggered it must automatically cancel the sell position and visa-versa.
    As if the buy and sell are linked orders.
    Both buy and sell have TP and SL values set.

    No more positions should be opened after the SL or TP is triggered.

    I want to use this option at specific times such as when LSE or NYSE opens.

     

    Thank you.
    Andre.

    04/06/2018 at 11:59 AM #67425 quote
    Despair
    Blocked
    Master

    If you want to have both orders as pending stop/limit orders like an OCO order, I think this is not really possible. In that case the best you can do is that the second order disappears at the open of the next bar after the one order was triggered.

    Andre Vorster thanked this post
    04/06/2018 at 11:59 AM #67426 quote
    robertogozzi
    Moderator
    Master

    It’s called OCO (Order Cancels Order), I don’t think ProOrder supports this, Iìve never seen documentation/examples about this topic.

    Andre Vorster thanked this post
    04/06/2018 at 5:03 PM #67464 quote
    irioton
    Participant
    Average

    Hi, does it mean that if two systems take an order in opposite direction (for exemple 1 long in a bigger timeframe and one small in a smaller timeframe) they cancel each other ?

    04/06/2018 at 5:21 PM #67466 quote
    Despair
    Blocked
    Master

    No, two different systems can hold opposite positions simultaneously.

    04/06/2018 at 5:31 PM #67469 quote
    irioton
    Participant
    Average

    ok thank you

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Is it possible to have Buy and Sell position at the same time?


ProOrder: Automated Strategies & Backtesting

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Andre Vorster @andre-vorster Participant
Summary

This topic contains 5 replies,
has 4 voices, and was last updated by irioton
7 years, 11 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 04/06/2018
Status: Active
Attachments: No files
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