How to Keep a limit order open and place is the orderbook

December 12th, 2019, 06:47 AM

I have created a signal that trades between a 2 tick range on a reversal bar chart - using limit orders in and out.

Right now everytime a new bar opens my limit orders are cancelled and resubmitted. This is annnoying as I therefore lose my place in the order queue.

Keeping both my buy and sell limit orders in the book until one is hit would be ideal.

The code I have:

[intrabarordergeneration = true]

condition1 = close <= low[1];
condition2 = close >= high[1];

if time <= 1459 or time >= 1700 then
if marketposition <= 0 then
begin;

if condition1 = true then

buy ("Long") next bar at open limit;

end;

if time <= 1459 or time >= 1700 then
if marketposition >= 0 then
begin;

if condition2 = true then

sellshort ("Short") next bar at open limit;

end;

setstopposition;
setstoploss_pt(sl);

//

Any ideas on how to keep these orders from cancelling on a new bar and therefore keeping my place in the orderbook?

Thanks!

ABCTG · December 12th, 2019, 06:59 AM

Edwin Lefevre,

I will cover this in today's webinar which you can attend here:

Webinar: Next Steps In Mastering TradeStation Programming w/Chris @ ABC Trading Group

Hi guys,

It is my pleasure to welcome Chris @ ABC Trading Group for our 373rd webinar event, at a Special Time on Thursday, December 12th @ 12:00 PM Eastern US.

The title for the event is "Next Steps In Mastering TradeStation Programming", …

Regards,

ABCTG

December 12th, 2019, 08:00 AM

Thanks for the offer but im not an elite member and not looking to join at this time.

December 13th, 2019, 12:28 PM

Anyone got any ideas.

I manged to keep the orders in the book after the intial entry with marketposition = code.

However, still struggling with ideas to keep the orders in the book when using the initial condion statements.

How to Keep a limit order open and place is the orderbook

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How to Keep a limit order open and place is the orderbook