Hey guys!

is it possible for tradestation to execute an order as the price cuts one of the bollinger bands, or if Bollinger %B is under 0 or over 1?

It need to be an insidebar order, because Bollinger %B will be under/over 1/0 if the candle closes inside of the bollinger band.

And I want the order to be excecuted out immediately ans outside of the band, not at the next open.

Thank you for your answers!

600

sixhundread,

yes, Tradestation is capable of executing orders intrabar when you set the IntrabarOrderGeneration = true in the code or enable it in the strategy settings.
If this is enabled "next bar" statements in orders will be evaluated as "next tick".

Regards,

ABCTG

thank you!


can u explain why it gives me an error verifying the system?

Intrabarordergeneration = true

Inputs: BandLen(20);
Vars: UpBand(0), LoBand(0), MidBand(0);
UpBand = Average(High, BandLen) + 2 * StdDev(High, BandLen);
LoBand = Average(Low, BandLen) - 2 * StdDev(Low, Bandlen);
MidBAnd = average(Close, BandLen);


If Marketposition <= 0 and close < LoBand Then
buy at Market;

if Marketposition = 1 and Close > MidBand Then
sell at Market;

if marketposition >= 0 and close > UpBand Then
sell short at market;

if Marketposition =-1 and close < MidBand Then
buy to cover at market;

sixhundread,

it might be helpful if you could include the exact error message. Based on the code you posted you are at least missing brackets around the Intrabarordergeneration attribute.

Regards,

ABCTG

sixhundread,

take a look at the online help file for the proper order syntax by highlighting the "Buy" command and pressing F1. This should steer you in the right direction.

Regards,

ABCTG