Hi,

I switched recently part of my trading from Tradestation to Interactive Brokers using Multicharts, but I have encountered some problems. I dont know if this is a Multicharts thing or the way that IB handles orders. The strategy code that I run is like this:

{ Entry orders }
If Conditions then
Buy("EnStop-L") NShares shares next bar at EntPrL stop;

If Conditions then
Sell Short("EnStop-S") NShares shares next bar at EntPrS stop;

{ Exit orders, long trades }
If MarketPosition = 1 then begin
If BarsSinceEntry = 0 then
LStop = (1 - MMStopPctL/100.0) * EntryPrice;

Sell("ExStop-L") next bar at LStop stop;

If condition then
Sell("ExMark-L") next bar at market;
end;

{ Exit orders, short trades }
If MarketPosition = -1 then begin
If BarsSinceEntry = 0 then
SStop = EntryPrice + MMFrS * TrueRange;

Buy to cover("ExStop-S") next bar at SStop stop;

If condition
Buy to cover("ExMark-S") next bar at market;
end;


Is there any problem with that code in multicharts powerlanguage? or maybe are there some details that I could be missing while automating with IBKR??. This is a strategy that is running in 60 minutes bars in Corn Futures, I have another strategies in different futures and I dont have any problems with them apparently

Can you explain what problems you had, in detail?

HI Kevin,

From what I can see, the strategy generates orders and sents them to TWS, but when a 60 minute bar passes the strategy doesnt send new recalculated orders to interactive brokers and thge older ones remains active. Note that in backtest the strategy works well ( it generates the same trades in MC and in TS) but in live trading I have that issue.

Thanks

There could be a setting with Multicharts where the order only gets sent when the order is filled, then it would not be lingering at IB.

Apart from that specific strategy that It had to be turned off, my experience has been good. I still prefer Tradestation though, maybe because being broker+platform helps.