Not sure why Multichart cannot follow my logic on the following coding - futures io
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Not sure why Multichart cannot follow my logic on the following coding

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Not sure why Multichart cannot follow my logic on the following coding

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  #1 (permalink)
Tuen Mun
Posts: 2 since Mar 2021
Thanks: 0 given, 0 received

- 1 tick bar
- Dot on close bar
- [IOGMode(IOGMode.Enabled)]

I have a bool "buySignal" variable, long order will be sent if
1.buySignal is true and
2. -0.03 < percentage change is < 0.03 and
3.Bars.Close[0] != Bars.Close[1]

I have used "Output.WriteLine" to debug and try to see when these conditions become "true". However, I found out that even if all the above mentioned conditions are all "true", long order still did not send. I am so confused and not sure if it is my logical error or Multichart's system limitation.

I have attached the result ran on the Multichart and my codings.

Why the first long order sent at 10:14? I think the first Bar.close[0]<Bar.close[1] already happened at around 9:33: (the dot lower than the previous dot) and all other conditions are already met, why long order did not send at that moment?

And I noticed that there are lot times that Bar.close[0]<Bar.close[1] and all other conditions are met, long order still did not send out.

Please advice it is my logical error, or system limitation?

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  #2 (permalink)
Kalamazoo MI
Experience: Advanced
Platform: MultiCharts
Trading: Futures
Posts: 2 since Feb 2013
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I do not have sufficient information, nor your exact coding to debug your issue, however, some consideration you might need to address are:
  • Check the Order and Position Tracker Window for a possible reason why the order was not sent.
  • Are you sure that the order was not sent, or just not filled?
  • Also, expecting to get a fill on a one tick bar is way over optimistic. In MultiCharts, orders are only active for the current bar, and are only renewed if the conditions that caused the original triggering of an order are still true on subsequent bars.
  • A single order in the market has the potential of generating many, multiple one tick bars, all with the same timestamp.
  • Building one tick strategies, where trades only last for a one tick bar or two, will generally not work very well, if at all, given all of the idiosyncrasies of the market (fills, slippage, etc.).

Good luck with your strategy.

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