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For those who may have been following the brief discussion on the TS Entry
Price Error -- you might want to see Omega's response to the dilemma --
(the Omega bashers will love this one :~)
I'm sure glad the Omega is not my Broker! -- in reality, the Fill would
have been either at the specified price, or one tick below-- not the 7/8
price below the Market that TS arbitrarily chose as an Entry price.
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From: easylang@xxxxxxxxxxxxxxxxx
Date: Wed, 17 Dec 1997 11:39:20 -0500
Subject: Re:TradeStation Entry Price Error
TradeStation simulates real world trading as much as possible. A broker would
enter a stop or limit order, never a order to be filled at a specific price
only. A sell - stop order is filled at or below the specified priced , that
explains why you were filled at 78.75 .A sell-limit order is at
or above a certain price.
Sincerely,
Aaron Jackson
Easy Language Specialist
------------------------------------------------
>
>In testing a TradeStation Trading System on a Daily Chart, I am telling TS
>to Sell Short at or below a specific price if certain Entry Criteria is met--
>
>Example:
>-------------------------------
>EntPrice = 79.625;
>
>Sell Next Bar at EntPrice Stop;
>-------------------------------
>
>TS Enters the trade, but at 78.75, not at the specified 79.625
>
>The stats on the Entry Bar are: Open=79.68, High=80.87, Low=78.12, Close=78.12
>
>The Market traded below the specified Entry Price during the first 20
>minutes of the Entry Day, then rallied and again reached the Entry Price
>around mid-day then sold off to close at 78.12
>
>The question is, where did TS get the 78.78 Entry Price and how is it
>possible to tell TS to use the 79.625 Entry Price that a Broker would have
>executed?
>
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