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Do not base your order generation decisions to where you "think" you are.
ALWAYS, ALWAYS, ALWAYS KNOW what your position is by querying your broker.
If you were entering orders by hand, would you just enter the order and
assume you were filled if price touched your order? No. You would check
"Did I get filled?" Your system must do the same.
Kent Rollins
----- Original Message -----
From: "svefremov" <svefremov@xxxxxxxxx>
To: <Trading_Systems@xxxxxxxxxxxxxxx>
Sent: Saturday, April 26, 2003 6:56 PM
Subject: [Trading_Systems] orders that do not get filled...
Suppose a strategy reads a data and issues an order to buy 1
contract. The order gets filled and an exit order is submitted. The
price goes though the exit point but the exit order does not get
executed. The strategy "thinks" that the MarketPosition = 0 and
submits another order to buy, which also gets filled. Now the account
is long 2 contracts (while the strategy "thinks" the account is long
1 contract) and so on...
How is this handles with DynaOrder or TradeStation or both....
SVE
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