Keeping Limit Orders Active After New Bar

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flipflopper
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Keeping Limit Orders Active After New Bar

Postby flipflopper » 07 Oct 2010

I am using 5 minute bars to trigger a limit order. If that order is not filled within the next 5 minutes the order is canceled.

How do I prevent that order from being canceled until it is either filled or a new trigger creates a new order?

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Dave Masalov
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Re: Keeping Limit Orders Active After New Bar

Postby Dave Masalov » 08 Oct 2010

Dear flipflopper,

If the order is not filled within specified bar, it is canceled, unless exactly the same order (quantity and price) is sent on the next bar (then the order is not cancelled and stays active at broker).

If you want to prevent the order from being canceled you need to send exactly the same order on the next bar.

flipflopper
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Re: Keeping Limit Orders Active After New Bar

Postby flipflopper » 08 Oct 2010

Any suggestions on how to accomplish this?

gregorio123456
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Re: Keeping Limit Orders Active After New Bar

Postby gregorio123456 » 08 Oct 2010

if condition =true then buy next bars at XXX limit:

(if condition is true when bars is close then order is send for next bars.....)

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flipflopper
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Re: Keeping Limit Orders Active After New Bar

Postby flipflopper » 08 Oct 2010

Thanks! I think I know what to do.


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