Unfilled Strategy Order Replacement/Buy,Sell Stop Orders

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FATSTrader
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Unfilled Strategy Order Replacement/Buy,Sell Stop Orders

Postby FATSTrader » 24 Aug 2011

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!

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Dave Masalov
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Re: Unfilled Strategy Order Replacement/Buy,Sell Stop Orders

Postby Dave Masalov » 24 Aug 2011

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.


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