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I believe the way it works has not been documented much at all...
Technically, I believe when a "new bar" event is triggered for an ACTIVE
SIGNAL,
a buy/sell event listener is generated by the signal alert monitor to the
charting module.....since it is plotting in REAL TIME.
When the REAL TIME price reaches the STOP or LIMIT, then buy/sell event is
triggered, the alert box is thrown, and a new trade entry or trade exit is
made.
Yes, one big problem they "forgot" with stop and limit orders, is the
CONSTANT ANNOYING ALERT reminders even when the STOP or LIMIT price is FAR,
FAR away from the MARKET PRICE.
There should have been a PERCENT-FROM-MARKET setting so that "dumb" orders
by-pass the alerts.
Naturally, you can add your own code to do this ;)
> -----Original Message-----
> From: Jim Bronke [mailto:jvbronke@xxxxxxx]
> Sent: Wednesday, June 12, 2002 10:40 AM
> To: prosys@xxxxxxxxxxxxxxxx
> Subject: Re: Unidentified subject!
>
>
> If you use a separate section of code for an alert I'm not sure why a stop
> or limit order is even needed. The real time alert can prompt you
> to enter a
> position sooner. Of course, when the end of the bar does arrive the
> conditions to trip the strategy may not be there. I haven't explored this.
>
>
> Jim Bronke
> Phoenix, AZ
> www.USACritic.com
>
>
> ----- Original Message -----
> From: "M. Simms" <prosys@xxxxxxxxxxxxxxxx>
> To: "Jim Bronke" <jvbronke@xxxxxxx>
> Sent: Wednesday, June 12, 2002 6:10 AM
> Subject: RE: Unidentified subject!
>
>
> : Jim - I think the problem here is that behavior in this area may have
> : changed from TS4 to TS2000i.......
> : realtime, INTRABAR BUY/SELL Alerts are possible in TS2000i
> under "perfect
> : conditions":
> : 1) a STOP or LIMIT order is issued before the start of the bar
> : 2) Property "generate orders for next bar" is checked ON
> : 3) No reference to PRICE......H[0],L[0], or C[0] is made in the stop
> : order....
> : ex: BUY at H[0]+20 points stop;
> : This will prevent <any> orders from executing !!!
> :
> :
> : > -----Original Message-----
> : > From: Jim Bronke [mailto:jvbronke@xxxxxxx]
> : > Sent: Tuesday, June 11, 2002 10:14 PM
> : > To: Frank Richardson; omega-list@xxxxxxxxxx
> : > Subject: Re: Unidentified subject!
> : >
> : >
> : > I haven't seen the work by M. Simms that you are referring to, but,
> since
> : > the chart does not run any calculations until the bar is
> finished it is
> : > impossible to get a signal any time sooner. Running a tick chart, by
> : > definition would not count. Did I miss something?
> : >
> : > Jim Bronke
> : > Phoenix, AZ
> : >
> : >
> : >
> : > ----- Original Message -----
> : > From: "Frank Richardson" <frankr@xxxxxxxxxxxxxxxx>
> : > To: <omega-list@xxxxxxxxxx>
> : > Sent: Tuesday, June 11, 2002 6:53 PM
> : > Subject: Unidentified subject!
> : >
> : >
> : > : O-list:
> : > :
> : > : Well, M. Simms was right while I and a lot of other people wrong.
> You
> : > CAN create a system in Easy Language that issues a signal intrabar
> without
> : > waiting for the close. I know, I finally got it to work on
> the chart.
> : > :
> : > : However one problem. There is still some bug in my code below such
> that
> : > the entry is made on the next bar at the price as the high of the
> original
> : > bar (for buys) and
> : > : entry made on next bar at the same price as the low of the original
> bar
> : > (for sells). In other words, the code does not respect my
> desire for the
> : > entry to be made X points above the high of the original bar and Z
> points
> : > below the low of the original bar:
> : > :
> : > : Inputs: etc.,etc.,X(2),Z(2);
> : > :
> : > : . . . then buy H[0] +X points stop;
> : > :
> : > :
> : > : . . . then sell L[0] -Z points stop;
> : > :
> : > : Anybody got any advice ?
> : > :
> : > : Appreciate your efforts,
> : > :
> : > : Frank
> : > :
> : > :
> : >
> : >
> :
> :
> :
>
>
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