auto-trading fail to convert limit order to market order

Questions about MultiCharts and user contributed studies.
stonebrook2011
Posts: 11
Joined: 30 Dec 2011
Has thanked: 1 time

auto-trading fail to convert limit order to market order

Postby stonebrook2011 » 02 May 2012

I have this issue and hope someone can help me to solve it.

In autotrading, when a limit entry order can't be filled, MC always fails to convert order to market order although I check the box (the limit order just gets cancelled at the end of bar). Meanwhile, an unfilled limit exit order can be converted to market order and partially filled order (no matter entry or exit) can always be converted to market order.

i am using 10min bar. Attached is the setting screenshot. I am using 8.0 beta3. I actually had this issue since I started using MC (MC 7.4).

Thanks
Attachments
autotrading.JPG
autotrading.JPG (70.94 KiB) Viewed 135 times

User avatar
JoshM
Posts: 2085
Joined: 20 May 2011
Location: The Netherlands
Has thanked: 1525 times
Been thanked: 1483 times
Contact:

Re: auto-trading fail to convert limit order to market order

Postby JoshM » 02 May 2012

I can't be of much help here, but would the option 'Cancel market orders as absolete if not filled within 0 seconds' be in conflict with the 'Convert unexecuted .. orders to market orders'? I can imagine that, if the limit order gets converted to a market, it's not filled within 0 seconds, and thus immediately cancelled?

Perhaps the Auto trading wiki article can give you some more useful pointers/suggestions.
These users thanked the author JoshM for the post:
Henry MultiСharts

User avatar
Henry MultiСharts
Posts: 8479
Joined: 25 Aug 2011
Has thanked: 1211 times
Been thanked: 2720 times

Re: auto-trading fail to convert limit order to market order

Postby Henry MultiСharts » 03 May 2012

Stonebrook2011, please disable the option "Cancel market orders as absolete" and let us know how it goes.


Return to “MultiCharts”