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MultiCharts Persistent Stop/Limit Orders - 'Non Simulated'
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MultiCharts Persistent Stop/Limit Orders - 'Non Simulated'

  #1 (permalink)
Trading Apprentice
London
 
Futures Experience: Intermediate
Platform: MultiCharts, MT4, NinjaTrader
Favorite Futures: EUR/JPY
 
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MultiCharts Persistent Stop/Limit Orders - 'Non Simulated'

Hello
Is there a way to persist stop or limit orders when using EasyLanguage in MultiCharts? e.g. in one of my strategies I send three orders at the close of the bar - a Buy/SellShort Market Order, a Sell/BuyToCover stop order (my stop loss) and a Sell/BuyToCover limit order (my take profit).

I'd like these stop and limit orders to persist past the next bar - instead of me having to process the market position and resubmit these orders, since I understand they are cancelled automatically by MC at the close of the next bar?

Is there a way to do this without using 'simulated' orders, i.e. orders that sit on my VPS - I'd like them actually sent to my broker as opposed to residing on my VPS and then sent as market orders once the price is hit?

Thanks.

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  #2 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
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thephantom,

as long as your original entry triggering condition(s) are intact and the entry/exit prices stay the same the order will be persistent.

Regards,
ABCTG

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  #3 (permalink)
Trading Apprentice
Bradenton, FL
 
Futures Experience: Advanced
Platform: tradestation
Favorite Futures: commodity futures
 
Posts: 7 since Aug 2013
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Re-issue same order


Maybe you make a suggestion for me. A similar situation with an order in TS.

My order says: Buy next bar at high + 1 point stop;

One of the conditions for the buy is a high , lower high and a higher high. If my order is not filled because the next bar doesn't get to the high + 1 point but the following one does I don't get filled. How can I have the order at the price for the original high + 1 point to re-issue each bar until filled? (Or a new order is generated.) I can do that but my question is only how to reuse the prices of the order after next bar.

Thanks for any suggestions.

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  #4 (permalink)
Market Wizard
Hamburg Germany
 
Futures Experience: Advanced
Platform: Multicharts, Tradestation, Multicharts.NET, NinjaTrader, MetaTrader
Broker/Data: DTN IQ
Favorite Futures: ES
 
Posts: 1,533 since Apr 2013
Thanks: 231 given, 855 received
Forum Reputation: Legendary

lsandersj,

save the price you want to use for the entry into a variable and use this variable as order price. This will ensure the same price is used, until you change the variable again.

Regards,

ABCTG


lsandersj View Post
Maybe you make a suggestion for me. A similar situation with an order in TS.

My order says: Buy next bar at high + 1 point stop;

One of the conditions for the buy is a high , lower high and a higher high. If my order is not filled because the next bar doesn't get to the high + 1 point but the following one does I don't get filled. How can I have the order at the price for the original high + 1 point to re-issue each bar until filled? (Or a new order is generated.) I can do that but my question is only how to reuse the prices of the order after next bar.

Thanks for any suggestions.


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The following user says Thank You to ABCTG for this post:

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