Cancelling order in TradeStation vs. MultiCharts - TradeStation | futures trading

Go Back

> Futures Trading, News, Charts and Platforms > Platforms and Indicators > TradeStation

Cancelling order in TradeStation vs. MultiCharts
Started:December 2nd, 2011 (09:54 AM) by furytrader Views / Replies:1,748 / 1
Last Reply:December 11th, 2011 (08:21 AM) Attachments:0

Welcome to

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Thread Tools Search this Thread

Cancelling order in TradeStation vs. MultiCharts

Old December 2nd, 2011, 09:54 AM   #1 (permalink)
Elite Member
Chicago, IL USA
Futures Experience: Intermediate
Platform: MultiCharts + CTS T4
Broker/Data: Advantage Futures,
Favorite Futures: YM, ES, EU, US, S
furytrader's Avatar
Posts: 153 since Jun 2011
Thanks: 109 given, 142 received

Cancelling order in TradeStation vs. MultiCharts

Although I use MultiCharts, I have an associate who has a strategy written in EasyLanguage that he is trying to automate in TradeStation. He's asked me for some help, and since I'm not a TradeStation expert, I wanted to pass this question along to the group:

Here it is:

Let's say that you write a simple piece of code that says:

If Condition1 = TRUE Then Buy Next Bar At 100 LIMIT;

It is my understanding that at the end of each bar, Condition1 will be evaluated and if it's true, an order to buy the next bar at a limit price of 100 will be entered in the market.

In the case of Multicharts, if you placed this limit order on the most recent bar, and it's not filled at the end of that bar and that bar doesn't fulfill the conditions of "Condition1", then the limit order is cancelled.

That doesn't seem to be how TradeStation does it. It appears as though the limit order stays in forever, even though the condition that prompted it to be entered no longer prevail.

Is that right? How, then, do you cancel that limit order now that Condition1 is no longer true?

Thanks for any insights you can provide!

Reply With Quote

Old December 11th, 2011, 08:21 AM   #2 (permalink)
Site Administrator
Manta, Ecuador
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
Big Mike's Avatar
Posts: 45,447 since Jun 2009
Thanks: 28,848 given, 79,601 received

I am not sure how TradeStation does it. But I know there is talk on the forums of how MC does it, which is bar-by-bar as you said, and it effectively cancels orders and re-submits if the condition is true.

Now I've never had time to test this theory, but if it really is cancelling and then re-submitting, then that is really quite bad. Not just in terms of efficiency but mainly in terms of how negatively it can effect your trading (position queue).

I am thinking that hopefully isn't the case, and in fact it will evaluate whether or not the same order should just be left untouched as-is, preserving your position in the queue at the exchange for limit orders.

If you find an answer for TradeStation please let us know.


Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

Reply With Quote

Reply > Futures Trading, News, Charts and Platforms > Platforms and Indicators > TradeStation > Cancelling order in TradeStation vs. MultiCharts

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Upcoming Webinars and Events (4:30PM ET unless noted)

NinjaTrader 8: Programming Profitable Trading Edges w/Scott Hodson

Elite only

Anthony Drager: Executing on Intermarket Correlations & Order Flow, Part 2

Elite only

Adam Grimes: Five critically important keys to professional trading

Elite only

Machine Learning Concepts w/FIO member NJAMC

Elite only

MarketDelta Cloud Platform: Announcing new mobile features

Dec 1

NinjaTrader 8: Features and Enhancements

Dec 6

Similar Threads
Thread Thread Starter Forum Replies Last Post
Global Variables (GV) in EasyLanguage for TradeStation/MultiCharts Big Mike EasyLanguage Programming 19 October 29th, 2013 03:07 PM
Backtesting identical strategy tradestation and multicharts different results crbucks MultiCharts 7 April 26th, 2012 07:30 AM
Help with MultiCharts/TradeStation programming trader2011 EasyLanguage Programming 2 February 25th, 2011 01:32 AM
Tradestation DLL hacking (just like MultiCharts) tantrev EasyLanguage Programming 3 January 4th, 2011 04:09 PM
Euronis v4200 --> Ninja, TradeStation or MultiCharts? bluemele Elite Automated Trading 5 October 24th, 2010 04:01 PM

All times are GMT -4. The time now is 01:09 PM.

Copyright © 2016 by All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts

Page generated 2016-10-27 in 0.07 seconds with 19 queries on phoenix via your IP