Hi, I have a question on Auto Trading setup. Most of my systems use a buy stop or sell stop for an Entry order.
Here is the snippet of my typical entry code:
trd = 1
IF MarketPosition<>-1 and
TradesToday(date) < trd
and Condition1 then
Sell Short ("SE System1") Next Bar at Lowest(Low,Length)-1 point Stop;
end;
So when the prerequisite conditions are met, I want the Sell Stop to be submitted.
My Question: Does the "Convert unexecuted limit/stop entry orders to market orders after XX seconds" apply?
Basically I don't want my orders converted to market orders until the stop is hit. Doesn't the conversion option negate the Sell Stop price level as an order execution entry criteria?
Seems like a dumb question but burning the candle on both ends and could use some other opinions here.
Thanks!
Unfilled Strategy Order Replacement/Buy,Sell Stop Orders
-
- Posts: 15
- Joined: 14 Feb 2011
- Has thanked: 7 times
- Been thanked: 3 times
- Dave Masalov
- Posts: 1712
- Joined: 16 Apr 2010
- Has thanked: 51 times
- Been thanked: 489 times
Re: Unfilled Strategy Order Replacement/Buy,Sell Stop Orders
FATSTrader,
This option is activated once the stop level is hit. Your price orders won't be converted into market until the stop level is hit.
This option is activated once the stop level is hit. Your price orders won't be converted into market until the stop level is hit.