EL Code Doubt

[rajatheroyal 10]

Hi guys, when in an intraday strategy if i give buystop orders or sell stop orders then even after that day i mean the next day also the order is in place and the order executed at the open of the next day how to solve this problem?

i want all the orders to be cancelled before moving to the next day(this problem is there when giving stop orders).

[rajatheroyal 10]

see the code below:

vars:hi(0),lo(0);

 

if time=1000 then{calculating high and low of the 10 am bar}

hi=high;

lo=low;

end;

buy next bar at hi stop;{placing orders to buy at high stop}

sellshort next bar at low stop;{placing orders to buy at low}

 

 

in this code the problem is that the orders get filled even on the next day and i dont want that.I want just the order to be filled that day itself if not then all orders should be cancelled.

how to do can anybody help pls.

[Tams 20]

may I suggest...

 

Building Winning Trading Systems with TradeStation

by George Pruitt & John R. Hill

 

"When you code (slang for writing your ideas into a programming language) an analysis technique, you are directing the computer to follow your instructions to..."

 

Key Phrases: buy next bar, buytocover next bar, certain price stop, Futures Truth, Super Combo, Dynamic Break Out ...

 

 

 

 

 

http://www.amazon.com/Building-Winning-Trading-Systems-TradeStation/dp/0471215694/ref=sr_1_1?ie=UTF8&s=books&qid=1248783817&sr=8-1

[Tams 20]

another suggestion:

 

go to the EasyLanguage Dictionary...

 

read through all the keywords once.

(at least the strategy order keywords!)

[rajatheroyal 10]

Hi Tams, i am reading that book and i have memorised all the strategy orders key words but my problem is that if we give stop orders in intraday day then that order is not cancelled and goes to the next day also.

for example see the code below:

 

Inputs: longLength(5), shortLength(5);

Buy tomorrow at Highest(High,longLength) stop;

Sell Short tomorrow at Lowest(Low,shortLength) stop;

 

when i put this strategy then when the next day opens it buy or sells in the opening bar itself( that is it takes the orders of previous days).

But what i intend is to cancell all orders that day itself.

for example if the next day opens, it should calculate from the first bar the highest high of bars and lowest low of 5 bars for entering.(It should not take previous days counting of bars)

is there any way to do it?

Thanks very much Tams for giving ur time to answer a newbie's questions.

[Tams 20]

try this:

 

write out your ideas one logic at a time

write out your logic one thought at a time,

write out your thoughts one action at a time,

write out your actions one line at a time,

 

think of the computer as a dumb machine.

it can only take one instruction at a time,

you have to give it step by step directions...

otherwise it will be confused.

 

if you can write out your thoughts in the above underlined fashion,

maybe I can give you a hand.

[rajatheroyal 10]

Thanks Tams i will follow it.

[rajatheroyal 10]

HI guys now its working.I just gave

time>1000 and time < 1530{start and end time of our market}

before giving orders:cheers:

[Tams 20]

HI guys now its working.I just gave

time>1000 and time < 1530{start and end time of our market}

before giving orders:cheers:

 

 

 

congratulations,

well done !!!

 

:beer:

[swansjr 10]

HI guys now its working.I just gave

time>1000 and time < 1530{start and end time of our market}

before giving orders:cheers:

 

I'll often code Boolean variables to act as flags. For example, if I want a day trading system to trade within a given time range I'll do something like this.

 

TradingTime = ( Time >= Start_Time ) And ( Time <= End_Time );

 

If ( TradingTime ) Then

Begin

// Trade logic

End

Else Begin

// Close all open positions

End;

[trade-samarai 10]

"in this code the problem is that the orders get filled even on the next day and i dont want that"

 

Hi Raja:

 

Just set your order duration at the top of your chart to "day" or you can even set a time limit such as "5 minutes." Is your default order type set to GTC or are you running the strategy every day and it's just a new day's order?

 

edit: Sorry I missed page 2 here. The EL solutions look good.

[rajatheroyal 10]

Thanks for the useful information guys.No trade-samarai orders are not GTC orders.As i tried similar to what swansjr told its working now.Thanks for taking efforts to help me out.