Placing Limit Sell Order

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02/17/2022 at 10:48 AM #188384 quote
Mishap
Participant

Junior
Hi Guys,

I m trying a strategy where i place a buy stop or sell limit order based on certain criteria. The issue i am finding is that the order gets cancelled on the next bar & does not stay open so the order never fills & then the strategy stops.

Can anyone point me in the right direction as to what i should be doing to keep an order open. I have placed an example of some of the entry requirements for a sell and buy with regards to price to buy/sell below.

hoping someone can shed some light on the issue, thanks in advance.
```
if low crosses under EMA1 then
BUYentry = high
signal = 1
endif

if low crosses over EMA1 then
SELLentry = low
signal = 1
endif

IF not onmarket and xx AND xx  and xx and xx THEN
BUY 2 Contracts at BUYentry stop
SET TARGET pPROFIT ---
SET STOP pLOSS ---
ENDIF

IF not onmarket and x AND x  and x and x THEN
sellshort 2 Contracts at SELLentry limit
SET TARGET pPROFIT ---
SET STOP pLOSS --
ENDIF
```
02/17/2022 at 11:48 AM #188386 quote

GraHal
Participant

Master

Does it work as you want if you remove Not onmarket?

02/17/2022 at 12:00 PM #188387 quote

robertogozzi
Moderator

Master

Pending orders always LAST one bar.

They must be placed again, each bar, till needed.

Removing Not onmarket as suggested by GraHal should do.
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Placing Limit Sell Order

ProOrder: Automated Strategies & Backtesting

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Mishap @mishap Participant

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This topic contains 2 replies,
has 3 voices, and was last updated by robertogozzi
4 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/17/2022
Status:	Active
Attachments:	No files

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