Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Tradewinds

PlaceOrder - Execute an Order from an Indicator

Recommended Posts

.PlaceOrder <p...> Allows orders to be placed from macros or EasyLanguage using the provided parameters.

 

The Place Order command allows orders to be sent to the market inside of an indicator. There is no backtesting capability for this function though. It allows orders to be placed intrabar, as opposed to "Next Bar" which a strategy does. One issue is that orders could be placed on EVERY TICK of the bar if the conditions are met. So you MUST be very careful, and make sure that your code has some way of limiting true conditions to once per bar, or as needed.

 

.PlaceOrder <p...> Allows orders to be placed from macros or EasyLanguage using the provided parameters.

 

TradeStation Help

 

 

.PlaceOrder Command

 

Places an order using a macro command or with RunCommandOnLastBar from EasyLanguage.

 

Syntax:

 

.PlaceOrder "< parameter='keyword' >, < parameter=number >... ,< parameter='string' > "

 

Parameter Options

 

A value shown below in italics represents a user specified character string, number, or macro name. All non-italic character values are keywords (i.e. Buy, False, Day+, etc). In addition, it is required that character strings, macro names, and keyword values be enclosed in single quotes.

 

Advanced Parameters

 

The .PlaceOrder parameters have been expanded as of TradeStation 8.5. See .PlaceOrder Advanced Parameters for more details.

 

Parameter

 

Value (Italicized string values are used with 'single quotes')

 

 

account> String

action> Buy, Sell, SellShort, BuyToCover, BuyToOpen, SellToOpen, SellToClose, BuyToClose

ActivationPrices> String

AllOrNone> True, False

BuyMinusSellPlus> True, False

Discretionary> Number, 0 {represents False}

Duration> Day, Day+, GTC, GTC+, GTD, GTD+, IOC, FOK, OPG, CLO, 1 Min, 3 Min, 5 Min

ECNSweep> True, False

GTDDate> String ('MM/DD/YY' date format)

IfTouched> Number, 0 {represents False}

LimitPrice> Number

MustBeUnique> True, False

NonDisplay> True, False

OCOBracketName> String

OCOGroupName> String

OrderEntryMacro> Order Entry Macro Name

OrderName> String {limited to 20 characters}

OrderType> Market, Limit, Stop Market, Stop Limit

OSOTriggerBy> String {Reference the OrderName of an existing open order}

Peg> True, False

Quantity> Number

QuantityType> Shares, Currency

Route> Intelligent, AMEX, ARCX, AUTO, BATS, BTRD, CDRG, SuperDOT, EDGA, EDGX, GFLO, NITE, NQBX, NSDQ, NYSE

 

See Order Routes for Equities or Order Routes for Options for details.

 

ShowOnly> Number, 0 {represents False}

Stage> True, False

StartTime> String {hh:mm:ss AM/PM}

StopPrice> Number

Symbol> String

SymbolCategory> Equity, Future, Forex, EquityOption, IndexOption

TrailingAmount> Number, 0 {represents False}

TrailingType> pts, pct, minmove

 

Example:

 

Calling from a Command Line Macro:

 

.PlaceOrder "Action='Buy', Symbol='MSFT', SymbolCategory='Equity', OrderType='Limit', LimitPrice=25.00, Quantity=500, Duration='Day', Account='12345' "

 

Calling from EasyLanguage:

 

An example of using the .PlaceOrder command may be found in the EasyLanguage PlaceOrder (Function) found in the TradeStation EasyLanguage Reserved Words & Functions. Order specific functions using the PlaceOrder function are also in the EasyLanguage dictionary and make the use of the .PlaceOrder command call.

 

For example, the following order specific function call executes the same order as the .PlaceOrder command line macro above. Extra parameters in the function place the order just once for a Day duration.

 

Value1 = LimitOrder("Once","12345","Buy","Equity","MSFT",100,"Day","",25.00);

 

 

It is required that character strings, macro names, and keyword values be enclosed in single quotes.

Share this post


Link to post
Share on other sites

EasyLanguage has some built in functions that use the PlaceOrder command:

 

LimitIfTouchedOrder

MarketIfTouchedOrder

MarketOrder

StopLimitOrder

StopMarketOrder

TrailingStopOrder

 

LimitOrder(Frequency,Account,Action,SymbolCategory,Symbol,Quantity,Duration,GTDDate,LimitPrice)

MarketIfTouchedOrder(Frequency,Account,Action,SymbolCategory,Symbol,Quantity,Duration,GTDDate,IfTouched)

 

'IfTouched' = Sets the IfTouched price to be used for this order.

Share this post


Link to post
Share on other sites

Here is the code that I have so far. I have a way of trying to keep the order from firing more than once per bar. As soon as the condition to send the order is met, I set a variable to 'True'.

 

xLngFired = True;

 

The Exit Long Order fired.

 

 

This variable tells me that the conditions were met, and the order was sent. But I still seem to be getting multiple orders being sent per bar. I'm not sure what is wrong. The following code is not the entire code, it is a representation of the basic structure that I have. In my code I have multiple data sources, six data sources in the same indicator. I don't know if the multiple data sources are causing a problem. I'm just making wild guesses at this point. When I study the code below, it seems like it should prohibit the order from being sent more than once per bar, but it doesn't seem to be working.

 

Input: AccntNum("SIM99999F"), 
Ticker("ESZ11"); 
var: QtyOpen(0), 
xLng(False), 
xLng1(False), 
xLng2(False), 
xShrt(False), 
xShrt1(False), 
xShrt2(False), 
Peak(False), 
Bttm(False), 
CrrntHi(0), 
CrrntLw(0), 
HigherHigh(False), 
LowerLow(False), 
HigherHighData2(False), 
LowerLowData2(False), 
IntrabarPersist xLngFired(True), 
IntrabarPersist xShrtFired(True); 

Peak = H[1] > H[2]; 
Bttm = L[1] < L[2]; 

If Peak then CrrntHi = H[1]; 
If Bttm then CrrntLw = L[1]; 

HigherHigh = H > CrrntHi; 
LowerLow = L < CrrntLw; 

xLng1 = HigherHigh; 
xShrt1 = LowerLow; 

xLng2= HigherHighData2 and HigherHighData2[1] = False; 
xShrt2 = LowerLowData2 and LowerLowData2[1] = False; 

xLng = xLng1 or xLng2; 
xShrt = xShrt1 or xShrt2; 

If xLng or xShrt then QtyOpen = GetPositionQuantity(Ticker, AccntNum); 

If xLng and QtyOpen > 0 and xLngFired = False then begin 
xLngFired = True; // Immediately indicate that the conditions have been met. 
value1 = MarketOrder("OncePerBar", AccntNum, "Sell", "Future", Ticker, QtyOpen); 
Condition1 = (PlaySound("c:\Wave\Sell.wav")); 
End; 

If xShrt and QtyOpen < 0 and xShrtFired = False then begin 
xShrtFired = True; 
value2 = MarketOrder("OncePerBar", AccntNum, "Buy", "Future", Ticker, absValue(QtyOpen)); 
Condition2 = (PlaySound("c:\Wave\Buy.wav")); 
End; 

If Barstatus(1) = 2 then begin // At the end of the bar, reset the variables to False 
if xLngFired = True then xLngFired = False; 
if xShrtFired = True then xShrtFired = False; 
End;

Share this post


Link to post
Share on other sites

I've got a couple of threads started at the TradeStation EasyLanguage site about the issue of conditions getting met multiple times per bar. I'm having this problem with multiple indicators that I use. So, for now, placing a real order through an indicator isn't viable. Even if I designate the frequency parameter setting to 'OncePerBar', I'm still getting multiple orders firing all at once.

Share this post


Link to post
Share on other sites

Replace complex (proprietary) code with the smallest code that achieves each state of a simple model. All those vars and conditions defining a complex trigger can be replaced with a simple trigger. By reducing complex ideas to the least number of vars you should never have trouble debugging code.

 

var: intrabarpersist done(false);

 

if H>H[1] then done=true;

if barstatus(1)=2 then done=false;

Share this post


Link to post
Share on other sites

Thanks guys for getting me thinking about PlaceOrder macros. They are very helpful for fast discretionary trading such as earnings announcements, etc. I have several speed keys I use on TS, however, they could always use some improvement. I didn't really thoroughly inspect the codes posted, but you two reminded me that it's something to work on. The hardest part for me is getting started.

 

P.S. the new OOEL also has an OrderTicket in the ToolBox that you can use instead of macros.

Edited by trade-samarai

Share this post


Link to post
Share on other sites

P.S. the new OOEL also has an OrderTicket in the ToolBox that you can use instead of macros.

 

Oh! Really! I'll have to check that out!

 

tsdata.Trading.OrderTicket

 

The OrderTicket component generates and sends an order ticket for a specified symbol from your EasyLanguage code. OrderTicket objects support a number of the order parameters (see below) that are available when manually placing an order from the TradeStation Order Bar. The status of all OrderTicket orders appear on the Orders tab of the TradeManager along with other regular orders. TradeStation HELP

 

This is the Object Oriented TradeStation code example.

 

{
This example uses an OrderTicket component to send a Buy at Market order for
the current stock symbol based on a specified account and quantity.  All of 
the order properities must consistent with the asset class of the symbol.

NOTE: After inserting an indicator containing an order object to an analysis
window, you'll need to go to the Format-General tab and check 'Enable order 
placements objects' to allow orders to be sent from the indicator.

You'll need to enter your own equities account number and change the quanitity
as appropriate.  To place the order, change the PlaceOrderNow input to TRUE.  
Once set to TRUE, orders will also be sent when a RadarScreen refresh occurs.

The following items were created or modified:
  Component tray: OrderTicket1 dragged into document from the Toolbox
  Properties editor: Symbol assigned to current Symbol (current row in RS).
  Properties editor: Account and Quantity get their values from inputs
These additional properties specify related order assumptions:
  Properties editor: SymbolType set to Stock (must compatible with the asset type of the account)
  Properties editor: Action set to Buy 
  Properties editor: Type set to Market 
  Properties editor: Duration set to Day
}

Input: string iAccount1( "Enter Your Equities Account Number" ), int iQuantity1(100), PlaceOrderNow(FALSE);

{The MyOrder variable will refer to the Order instance after the order is sent}
vars: tsdata.trading.Order MyOrder(NULL);

{Called whenever the order status is updated}
Method void OrderStatusUpdate(elsystem.Object sender, tsdata.trading.OrderUpdatedEventArgs args)
begin
UpdatePlots();
end;

{Plots the order status}
method void UpdatePlots()
begin
Plot1(MyOrder.State.ToString()); 
end;

{Send the order when TRUE and sets the method used to handle Order Status Updated events} 
If PlaceOrderNow then begin
{Order sent only once per load in this example}
once MyOrder = OrderTicket1.Send();
MyOrder.Updated += OrderStatusUpdate;
UpdatePlots();
end;

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • HLF Herbalife stock, watch for a bull flag breakout above 9.02 at https://stockconsultant.com/?HLF
    • Date: 1st April 2025.   Will Gold’s Rally Hold Strong as New Trade Tariffs Take Effect Tomorrow?   Gold continues to increase in value for a sixth consecutive day and is trading more than 17% higher in 2025. Amid fear of higher inflation, a recession and the tariffs war escalating investors continue to invest into Gold pushing demand higher. The trade policy from April 2nd onwards continues to be a key factor for the whole market. Can Gold maintain its upward trend? Trade Policy From Tomorrow Onwards Starting as soon as tomorrow, a 25% tariff will be imposed on all passenger cars imported into the United States. While this White House policy is anticipated to negatively affect European industrial performance, it will also lead to higher transportation and maintenance costs for everyday American taxpayers. The negative impact expected on both the EU and US is one of the reasons investors continue to buy Gold. Additionally, last month, President Donald Trump announced reciprocal sanctions against any trade partners that impose import restrictions on US goods. Furthermore, tariffs on products from Canada and the EU could increase even more if they attempt to coordinate a response. Overall, investors continue to worry that new trade barriers will prompt retaliatory measures, particularly from China, the Eurozone, and Japan. Any retaliation is likely to escalate the trade conflict and prompt another reaction from the US. Experts at Goldman Sachs and other investment banks warn that this will lead to rising inflation and unemployment. They also caution that it could effectively halt economic growth in the US.   XAUUSD 1-Hour Chart   The Weakness In The US Dollar Another factor which is allowing the price of XAUUSD to increase in value is the US Dollar which has been unable to maintain any bullish momentum. Despite last week’s Core PCE Price Index rising to its highest level since February 2024, the US Dollar has been unable to see any significant rise in value. Due to the US Dollar and Gold's inverse correlation, the price of Gold is benefiting from the Dollar weakness. Investors worry that new trade barriers will prompt retaliatory measures from China, the Eurozone, and Japan, potentially escalating the conflict. Experts at The Goldman Sachs Group Inc. believe that such actions by the US administration will drive rising inflation and unemployment while effectively halting economic growth in the country. Can Gold Maintain Momentum? When it comes to technical analysis, the price of Gold is not trading at a price where oscillators are indicating the instrument is overbought. The Relative Strength Index currently trades at 68.88, outside of the overbought area, since Gold’s price fell 0.65% during this morning’s session. However, even with this decline, the price still remains 0.40% higher than the day’s open price. In terms of fundamental analysis, there continues to be plenty of factors indicating the price could continue to rise. However, the price movement of the week will also partially depend on the employment data from the US. The US is due to release the JOLTS Job Vacancies for February this afternoon, the ADP Non-Farm Employment Change tomorrow, and the NFP Change and Unemployment Rate on Friday. If all data reads higher than expectations, investors may look to sell to lock in profits at the high price. Key Takeaway Points: Gold’s Rally Continues – Up 17% in 2025 as investors seek safety from inflation, recession fears, and trade tensions. Trade War Impact – New US tariffs and potential retaliation from China, the EU, and Japan drive uncertainty, boosting Gold demand. Weak US Dollar – The Dollar’s struggle supports Gold’s rise due to their inverse correlation. Gold’s Outlook – Uptrend may continue, but US jobs data could trigger profit-taking. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • Date: 31st March 2025.   Trump Confirms Tariffs on All Countries, Sending Stocks Lower.   The NASDAQ continues to trade lower due to the US confirming the latest tariffs will be on all countries. In addition to this, bearish volatility also is largely due to the higher inflation data from Friday. The NASDAQ declines to its lowest price since September 11th 2024. Core PCE Price Index - Inflation Increases Again! The PCE Price Index read 2.5% aligning with expert forecasts not triggering any alarm bells. However, the Core PCE Price Index rose from 0.3% to 0.4% MoM and from 2.7% to 2.8% YoY, signalling growing inflationary pressure. This increases the likelihood that the Federal Reserve will maintain elevated interest rates for an extended period. The NASDAQ fell 2.60% due to the higher inflation reading which is known to pressure the stock market due to pressure on consumer demand and a more hawkish Federal Reserve. Boston Fed President Susan Collins recently commented that tariffs could drive up inflation, though the long-term impact remains uncertain. She told journalists that a short-term spike is the most probable outcome but believes the current pause in monetary policy adjustments is appropriate given the prevailing uncertainties. Although, certain investment banks such as JP Morgan actually believe the Federal Reserve will be forced into cutting rates. This is due to expectations that the economy will struggle under the new trade policy. For example, JP Morgan expects the Federal Reserve to delay rate cuts but will quickly cut towards the end of 2025. Market Risk Appetite Takes a Hit! A big factor for the day is the drop in the risk appetite of investors. This can be seen from the VIX which is up almost 6%, Gold which is trading 1.30% higher and the Japanese Yen which is the day’s best performing currency. Most safe haven assets, bar the US Dollar, increase in value. It is also worth noting that all indices are decreasing in value during this morning's Asian session with the Nikkei225 and NASDAQ witnessing the strongest decline. Previously the stock market rose in value as investors heard rumours that tariffs would only be on certain countries. This bullish swing occurred between March 14th and 25th. Over the weekend, President Donald Trump indicated that the upcoming tariffs would apply to all countries, not just those with the largest trade imbalances with the US. NASDAQ - Technical Analysis In terms of technical analysis, the NASDAQ continues to obtain indications that sellers control the price action. The price opens on a bearish price gap measuring 0.30% and trades below all Moving Averages on all timeframes. The NASDAQ also trades below the VWAP and almost 100% of the most influential components (stocks) are declining in value.     The next significant support level is at $18,313, and the resistance level stands at $20,367.95. Key Takeaway Points: NASDAQ falls to its lowest since September 2024 as the US confirms tariffs on all countries, adding to inflation concerns. Core PCE inflation rises to 0.4% MoM and 2.8% YoY, increasing the likelihood of prolonged high interest rates. Investor risk appetite drops as VIX jumps 6%, gold gains 1.3%, and safe-haven assets outperform. NASDAQ shows strong bearish momentum, trading below key technical levels with support at $18,313 and resistance at $20,367.95. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Michalis Efthymiou HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • PM Philip Morris stock, top of range breakout at https://stockconsultant.com/?PM
    • EXC Exelon stock, nice range breakout at https://stockconsultant.com/?EXC
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.