TradeStation Strategy Code Help

[jjthetrader 10]

I'm running a TradeStation strategy to trade the S&P emini.

I use SetProfitTarget and SetStopLoss for my orders.

 

As soon as the profit target is reached, lets say 1 point, the strategy shows Profit Target on the screen at that point. But in real life the price needs to reach 1 tick higher to actually get me out with the profit target.

 

My question is if the price only gets to the profit target amount and not 1 tick higher to actually get me out, will my strategy know I'm still in, even though it's not, and set my Stop if it happens to reverse on me? Or will my strategy think I'm out and fail to set that stop?

 

I was running on auto all month and this is only occuring to me now but this scenario hasn't actually happened for me to know for sure.

 

Any help would be appreciated.

[EasyTrader_I 10]

HI,

The SetProfitTarget (Amount of profit in dollars, at which point the position will be closed) and

 

SetStopLoss(Amount of loss, in dollars, at which point the position will be closed) will close the Position immediately. If you want your Positions to be closed 1 tick Higher , then You need to rewrite your exits.

 

Another Option is:-

 

You can add the dollar value of 1 tick with the Profit. I.e

 

SetProfitTarget(2000 + 12.5) where 12.5 is the 1 Tick value of The selected Stock.

This will exit at the Next Tick after reaching the Profit of 2000.

 

GoodLuck

EasyTrader_I

[bakrob99 11]

I'm running a TradeStation strategy to trade the S&P emini.

I use SetProfitTarget and SetStopLoss for my orders.

 

As soon as the profit target is reached, lets say 1 point, the strategy shows Profit Target on the screen at that point. But in real life the price needs to reach 1 tick higher to actually get me out with the profit target.

 

My question is if the price only gets to the profit target amount and not 1 tick higher to actually get me out, will my strategy know I'm still in, even though it's not, and set my Stop if it happens to reverse on me? Or will my strategy think I'm out and fail to set that stop?

 

I was running on auto all month and this is only occuring to me now but this scenario hasn't actually happened for me to know for sure.

 

Any help would be appreciated.

 

 

You have 2 options to make sure that your Strategy is in Sync with your real world position. Under the Strategy Properties Tab you can set the strategy to:

 

1. Replace a Strategy Limit order with a Market order XXX seconds after the strategy thinks the fill has occured

 

-or-

 

2. Set the Strategy to fill non-historical orders only when he TradeManager reports them as filled.

 

Either choice will make sure you are out when your target is hit.