Insidebid and Insideask

I've had a search within the forum and I couldn't see a definitive answer to this:

Within live automated trading, if I reference Insidebid within an initial calculation, (with IntrabarOrderGeneration = true) for example:
Then if I have some more calculations and right before entry I want to check that the current bid price is within a certain max slippage range above the swing high e.g. only enter if current bid is not more than SlippagePips > SwingHighValue
Then finally enter a trade:
Will each time I reference myBid (and thus InsideBid) automatically call the latest value for best bid price? Or will it always reference the same value i.e. the intial value it obtained first time myBid was referenced (and thus making using the slippage test right before entry redundant)?

Coming from an MQL4 background where in order to obtain the latest bid/ask price you would use RefreshRates() each time and if you didn't the bid and asked stayed the same as when last called regardless of what they currently are. Wasn't sure how InsideBid and InsideAsk worked in this regard.

Many thanks.

InsideBid and InsideAsk are updated with each new tick.

InsideBid and InsideAsk are updated with each new tick.

True, but as I understand this topic he's asking whether InsideBid and InsideAsk reflect values of when the current calculation started with the new tick or if these can also change while the current tick is being processed.

In MT, you can do the latter with `RefreshRates()` prior to referencing the prices in the code. We can't do that in MultiCharts, but it's not clear to me whether InsideBid reflects the inside bid when the calculation started or the value when it's referenced in the code (anew).

It's a great question. :]

InsideBid and InsideAsk are updated with each new tick.

True, but as I understand this topic he's asking whether InsideBid and InsideAsk reflect values of when the current calculation started with the new tick or if these can also change while the current tick is being processed.

In MT, you can do the latter with `RefreshRates()` prior to referencing the prices in the code. We can't do that in MultiCharts, but it's not clear to me whether InsideBid reflects the inside bid when the calculation started or the value when it's referenced in the code (anew).

It's a great question. :]

InsideBid and InsideAsk are updated with each new tick.

InsideBid and InsideAsk are updated with each new tick.

Without a source I wouldn't be comfortable making such a statement. Bid/ask prices are asynchronously updated in the Status Line (compared to real-time ticks) also, after all.

Thanks for the prompt responses folks.

So, if I understand correctly if the bid price changes within the same tick it is not possible to obtain the updated bid price. Once you call insidebid for the 1st time that is the bid price that will be used throughout the calculations.

This does match what I've seen, I've never seen the reported bid price change within my signal at different points - although of course it does actually change within the same tick.

Therefore this renders my slippage test, or any kind of slippage test redundant because you cannot assess whether the bid price has changed since first referenced. Of course this opens up the possibility of increased slippage in fast moving markets unless using limit orders (in actual fact the slippage I've seen i.e. difference between bid price used in calculations to that used for entry is more material that I would expect and thus the above explains why).

As referenced, in MT you could use refreshrates() to update the bid price and thus check the price right before entry to make sure it hadn't moved too far away from the bid price used for calculations.

Is there a way to achieve this in MC, or is the only option to use insidebid and have the one value per tick?

Thanks for the prompt responses folks.

So, if I understand correctly if the bid price changes within the same tick it is not possible to obtain the updated bid price. Once you call insidebid for the 1st time that is the bid price that will be used throughout the calculations.

This does match what I've seen, I've never seen the reported bid price change within my signal at different points - although of course it does actually change within the same tick.

Therefore this renders my slippage test, or any kind of slippage test redundant because you cannot assess whether the bid price has changed since first referenced. Of course this opens up the possibility of increased slippage in fast moving markets unless using limit orders (in actual fact the slippage I've seen i.e. difference between bid price used in calculations to that used for entry is more material that I would expect and thus the above explains why).

As referenced, in MT you could use refreshrates() to update the bid price and thus check the price right before entry to make sure it hadn't moved too far away from the bid price used for calculations.

Is there a way to achieve this in MC, or is the only option to use insidebid and have the one value per tick?

YOu can use RecalcLastBarAfter.

Thanks for the prompt responses folks.

So, if I understand correctly if the bid price changes within the same tick it is not possible to obtain the updated bid price. Once you call insidebid for the 1st time that is the bid price that will be used throughout the calculations.

This does match what I've seen, I've never seen the reported bid price change within my signal at different points - although of course it does actually change within the same tick.

Therefore this renders my slippage test, or any kind of slippage test redundant because you cannot assess whether the bid price has changed since first referenced. Of course this opens up the possibility of increased slippage in fast moving markets unless using limit orders (in actual fact the slippage I've seen i.e. difference between bid price used in calculations to that used for entry is more material that I would expect and thus the above explains why).

As referenced, in MT you could use refreshrates() to update the bid price and thus check the price right before entry to make sure it hadn't moved too far away from the bid price used for calculations.

Is there a way to achieve this in MC, or is the only option to use insidebid and have the one value per tick?

YOu can use RecalcLastBarAfter.

Thanks, I will look into this.