Are pending orders remains when one is hit?

• 04/06/2020 at 2:18 PM #124878
  Dr Manhattan

  Hi, a very very basic question, what happens with the sell order when the buy order it hit? if it remains can I get rid of it?

   

  Short code

  IF NOT OnMarket AND c1 THEN BUY 1 CONTRACT AT HIGH STOP SELL 1 CONTRACT AT LOW STOP ENDIF

  1 2 3 4

  IF NOT OnMarket AND c1 THEN    BUY 1 CONTRACT AT HIGH STOP    SELL 1 CONTRACT AT LOW STOP ENDIF

   

  

  Dr Manhattan

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  04/06/2020 at 2:25 PM #124884
  robertogozzi

  It remains till the bar closes.

  When a bar closes ALL pending orders are cancelled and you need to place them again, if needed.

  Be warned that SELL does not open a Short position, it closes a Long one.

  To go short use SELLSHORT and to close it use EXITSHORT.

   

  

  robertogozzi

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  04/06/2020 at 2:30 PM #124885
  Dr Manhattan

  Thanks, I think the problem I have is that the buy get hits in the beginning of the bar, then I want to get rid of the sell but in the in the _same bar it hits the sell before the next opens.

  Is it possible to do the following in the same bar?

  Stop and reverse

  SELL AT MARKET SELLSHORT AT MARKET

  1 2	SELL AT MARKET SELLSHORT AT MARKET

   

  

  Dr Manhattan

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  04/06/2020 at 2:32 PM #124887
  Dr Manhattan

  No wait! Hahaha, I was using sell instead of Sellshort in one place! 😀

  

  Dr Manhattan

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  04/06/2020 at 4:04 PM #124898
  Vonasi

  Still as Roberto said it is possible for your buy order to get filled and then price reverse and hit your sellshort order which will then close your long position for a loss and then open a short position all in the space of one bar.

  You could do something using MTF like this on a faster time frame such as the 1 second time frame. This will however seriously limit the amount of data available for your backtest.

  timeframe(1 second) if not onmarket then buy 1 contract at LongPrice stop sellshort 1 contract ShortPrice stop endif

  1 2 3 4 5

  timeframe(1 second) if not onmarket then buy 1 contract at LongPrice stop sellshort 1 contract ShortPrice stop endif

   

   

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  Vonasi

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