RE: How does one keep TS4 from making 2 trades on the same bar?

["Brent" <brente@xxxxxxxxxxxx>]

Ah Rats! I fugured that there would be a way to say that if there was
already a trade on this bar  don't make another trade until the next bar.

Thanks

Brent

-----Original Message-----
From: Gary Fritz [mailto:fritz@xxxxxxxx]
Sent: Wednesday, May 01, 2002 10:16 AM
To: omega-list@xxxxxxxxxx
Subject: Re: How does one keep TS4 from making 2 trades on the same bar?


> How does one keep TS4 from making 2 trades, one long one short, on
> the same bar?

Don't issue two orders on the same bar.

If you tell TS to go long and go short, e.g. at price LongStop and
ShortStop, and the next bar hits both those prices, then TS can and
will execute both orders just like you told it to.  If you're
bracketing the market with orders, you should either use wider
brackets or shorter bar lengths so your bars don't hit both orders.

There's no way to do OCO logic, where the first order to be hit
cancels the second.  In any case TS4 doesn't know in what order the
prices were really hit anyway.  It only knows OHLC for sure.  So
anything you do with multiple orders in one bar is error-prone and is
not an accurate indication of what might have happened in realtime.
That includes MM stops that get hit in the bar of entry and ANY other
case where multiple orders are hit by one bar.

Gary