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I think you are misinterpreting the manual.
If you place a stop on every bar at some fixed price you will have a
permanent stop in place at that price. If the price gets hit, then
the stop order is filled. If that isn't happening something is
probably wrong in your code.
What the manual is referring to is the order notification it gives so
you can place orders with the broker. When you first place the stop,
you need to place the stop with the broker so you get notification to
do so. If your stop remains at that price you need to do nothing with
the broker. So TradeStation does not cancel that stop order with the
broker and immediately place the same order back again.
If you move your stop, TradeStation gives you notice to cancel the
old stop order and place a new one.
So, although you have to replace a stop order on each bar in your
code to keep it in place, you do not have to do the same thing with
your broker.
Confusing...
Bob Fulks
At 5:55 PM -0700 8/19/01, cash@xxxxxxxxxxx wrote:
>I'm having a problem where an order is not getting executed at the
>limit price I've set. I'm using intraday 1 minute bars.
>
>After going through the TS2000 manual, it appears that I'm
>encountering a "feature" in TS2000. This from the manual:
>"...When a trading strategy places the exact same order for two or
>more consecutive Bars... Tradestation will not cancel an order to
>replace it. Instead, it leaves the order active until it is filled, or the
>order is not placed (or it is changed in some way)."
>
>So my problem is that my strategy updates a trailing stop (exitlong
>or exitshort) every bar based on various price parameters.
>Sometimes, that stop is the same price twice in a row (or more).
>In this case, I think the above scenario is kicking in. So, when I
>adjust my trailing stop to a different price, the one(s) that lasted 2
>bars are still there and because of the way my strategy works, the
>older ones get hit first, and I no longer want those orders (and
>obviously don't want them hit).
>
>So my question is how do I continually update my stop and be able
>to maintain the same price on 2 or more bars in a row, and avoid
>this situation? I don't want to have to diddle with the stop prices
>just to get around this, and I need to have a stop in place after
>every bar.
>
>Has anyone had to deal with this problem before? Any suggestions
>on what to do about this?
>
>Thx,
>
>Cash
>
>
>"Buy Low, Sell High"
>(If this statment is used for financial gain, I am entitled to 10% of all profits. ;) )
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