EasyLanguage Question

Discussion in 'Automated Trading' started by doncello, Feb 13, 2011.

  1. doncello

    doncello

    Hi,

    I want to learn if anyone knows how to cancel a stop order if another stop order has become active in easylanguage backtesting.

    Let say I have given 2 stop orders for next day to buy at today's high and sell at today's low. but I want to cancel 1 order if the other is active.

    For example if price went down and i'm short it shouldn't buy when price turns back and exceeds todays high.

    Thanks..
     
    #1     Feb 13, 2011
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  2. T1P1

    T1P1

    Stop orders are based on conditions.

    Before either order is filled:

    If current contracts = 0 then buy 1 contract at BuyPrice stop;
    If current contracts = 0 then Sell Short 1 contract at SellPrice stop;

    Once either order is filled the other order is no longer active.

    You can use the same logic to place a stop after an entry:

    If Market Position > 0 then sell current contracts at StopPrice Stop

    The new TradeStation 9.0 has smart order classes/objects/tickets that make all of this much easier.


    cheers

    T1P1
     
    #2     Feb 21, 2011
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  3. MarketException

    MarketException

    I have a problem with text_delete in easy language.
    I need to update a text so I check for its existence, then delete it by text_delete and finally write the new text by text_new.
    The problem is text_delete fails sometimes and from that point on all text disappears.

    Any thoughts?
     
    #3     Aug 3, 2011
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