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if you use stop orders TS will give you the stop order the for next bar
and then cancel the stop order that was not filled on this bar.
in pro turn the active orders and canceled orders alerts
off. in 2000i you can turn off generate orders for the next bar.
bilo.
----- Original Message -----
From: "Gene Pope" <gene@xxxxxxxxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Tuesday, April 24, 2001 10:17 AM
Subject: False Exit Alerts in TS Pro
> I'm new to this list so this may be an old problem, but it's driving me
> potso!
>
> Cannot get a straight answer from esnail tech support...
>
> Using TS Pro, I've adapted some systems based on daily bars to use on
> intraday 3 and 8 min. bars.
>
> Let's say I recalculate a dynamic StopLoss on every current bar.
>
> Then I issue an ExitLong or ExitShort at Next Bar at $$ Stop. Pretty
> standard stuff so far.
>
> Let's say I'm entered Long, and I'm also profitable. So the calculated
> ExitLong price is below both the EntryPrice and way below the CurrentBar.
>
> Here's the problem:
>
> At every single new bar I get a new Alert Message saying, "New Orders need
> to be placed...", followed immediately by a second alert, "Orders need to
be
> cancelled".
>
> In both cases, the exit prices are being correctly calculated, but they
are
> way below the entry and current prices, and thus are moot and useless
> information!!
>
> I am not using an extra Alert command in EasyLanguage, but of course the
> default alert is on in the signal format.
>
> It's as if the TS logic loop is screwy and issues the New Orders before
> evaluating where the current price is, then it evaluates the price and
says,
> "Opps, sorry, I take that back"....
>
> Problem is guys, this really screws up the Messaging and Paging feature of
> TS Pro, as every single 3 minute bar, I'm getting snowed under with
useless
> New Order and Cancel messages.
>
> Obviously what I want is to be messaged with only the real honest to
> goodness ExitLong signal here.
>
> The only way I can figure out a workaround is to NOT use a calculated
price
> value for exit (like most daily systems do), but to simply IF...THEN test
> for the condition, then ExitLong at Bar Close (or Next Bar Open or
Market)??
>
> Seems kind of limiting (not to mention dangerous) to me, especially if you
> use 30 or 60 min bars.
>
> Your suggestions to this newbie question are much appreciated.
>
> Also, anyone happen to know a good resource where I can reference the
> relationship between the default alert logic, compared to issuing alerts
fro
> m within the signals manually? When does one override the other? Other
than
> in indicators, I do not see much difference or override capability in
> signals.
>
> Gene Pope
> <DarkMagic>
> http://www.UndergroundTrader.com/
>
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