Problem with Auto Trading

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ppan
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Problem with Auto Trading

Postby ppan » 27 May 2009

In Auto Trade Option:

1. Using Async mode.
2. Select the "Convert unexecuted limit/stop entry orders to market orders" after 10 seconds.

MC will convert the stop order to market order. However, If there is a new stop order is generated before the market order is executed, MC will replace the market order with the new stop order. That means the market order will not be executed.

SUPER
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Postby SUPER » 27 May 2009

ppan,

What chart resolution are you using and are you using IOG (intrabar order generation)?

regards
Super.

ppan
Posts: 106
Joined: 31 Jan 2007
Has thanked: 2 times

Postby ppan » 27 May 2009

I'm using 15 min bar and not using IOG. This case is rare because the happen probability is not high. However, I found it in real time trading.

SUPER
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Postby SUPER » 28 May 2009

PPan,

Yes you are quite right that it can happen, though rare. I think the solution could be something along the lines :

If there is an order pending under the timeout event it should be converted to market straight away before new stop/limit order is issued.

Maybe you can suggest some solution too.

Regards
Super


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