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Immediate Stop and Limit orders


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Immediate Stop and Limit orders

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  #1 (permalink)
Tucson AZ USA
 
 
Posts: 3 since Oct 2012
Thanks: 2 given, 3 received

I am trying to find out a way to immediately issue stop and limit orders with prices I generate either:

A. When I place an entry order, so when the order fills, I have a stop and limit in place.

B. Immediately after an order fills, put the stop and limit in place, NOT wait until the next bar.

Have not found a way to do this in Easy/Power language. All stop and limit orders fill at the next bar.
I want to use my custom pricing, so "this bar" stuff doesn't work.

Any ideas?

Thanks!

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  #3 (permalink)
London
 
 
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interfool View Post
I am trying to find out a way to immediately issue stop and limit orders with prices I generate either:

A. When I place an entry order, so when the order fills, I have a stop and limit in place.

B. Immediately after an order fills, put the stop and limit in place, NOT wait until the next bar.

Have not found a way to do this in Easy/Power language. All stop and limit orders fill at the next bar.
I want to use my custom pricing, so "this bar" stuff doesn't work.

Any ideas?

Thanks!

use setstoploss and setprofittarget

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  #4 (permalink)
Tucson AZ USA
 
 
Posts: 3 since Oct 2012
Thanks: 2 given, 3 received

Actually, using [IntrabarOrderGeneration = true] solves the issue. It basically turns "Next Bar" entries into "Next Tick" entries.

Found this after I posted here.

All the best.

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  #5 (permalink)
Newcastle, Australia
 
Experience: Intermediate
Platform: Multicharts 8 - Full Version
Broker: IB
Trading: SPI,FTSE100, 6E, 6A
 
Posts: 285 since Oct 2010
Thanks: 108 given, 185 received

Hi,
Have you downloaded NWT Exits from the download area? It will show you how to do lots of this style of specialised programming.

Regards,
Neil.

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Last Updated on November 15, 2012


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