Re: Why does this stop order not execute at the correct price?

[cash@xxxxxxxxxxx]

Thanks to Chris McMurry for this solution: 

> I had that same problem.  For me the answer was in setting the 
Minimum Move correctly.  Try it. > Then repeat after me.  It's not a bug, it's a FEAture.  ;)
> 

I did that, re-loaded the symbol into the chart, and it worked! (OK, 
it gave me a price of 66.29, but that's acceptable, and I might play 
with the minimum move figures to see if that has an effect).  I'm 
using a minimum move of 1 and a price scale of 1/100. 

Cash 


Date sent:      	Mon, 20 Aug 2001 18:20:28 -0700 From:           	
cash@xxxxxxxxxxx To:             	omega-list@xxxxxxxxxx 
Subject:        	Why does this stop order not execute at the 
correct price? 

> I've set up some sample code and am running it on an intraday 1-minute chart (MSFT). (TS2000i).
> 
> I enter a position with a sell order, and set a stop for an exit using ExitShort.  The problem is that the stop is executed at a different price and I can't figure out why.  I've listed the code and the results below.
> 
> Any suggestions on what I'm missing?  It feels like I'm missing something simple.
> 
> ***CODE:
> 
> print("Time: ",time," Date: ", Date);
> if date=1010727 and time=1600 then
> begin
> 	print("bar=",barnumber:0:0, " O=",O:0:2, " H=",H:0:2, " L=",L:0:2, " C=",C:0:2);
> 	sell next bar at market;
> 	print("entering next bar at ",open of next bar:0:2);
> 	ExitShort at 66.28 stop;
> 	print("setting 66.28 stop at next bar");
> end;
> if date=1010731 and (time=931 or time=932 or time=933) then
> begin
> 	ExitShort at 66.28 stop;
> 	print("bar=",barnumber:0:0, " O=",O:0:2, " H=",H:0:2, " L=",L:0:2, " C=",C:0:2);
> 	print("setting 66.28 stop at next bar");
> end;
> 
> ***DEBUG RESULTS:
> Time:    1559.00 Date: 1010727.00
> Time:    1600.00 Date: 1010727.00
> bar=626 O=65.47 H=65.50 L=65.47 C=65.47
> entering next bar at 66.03
> setting 66.28 stop at next bar at
> Time:     931.00 Date: 1010731.00
> bar=627 O=66.03 H=66.17 L=66.01 C=66.17
> setting 66.28 stop at next bar at
> Time:     932.00 Date: 1010731.00
> bar=628 O=66.18 H=66.38 L=66.00 C=66.25
> setting 66.28 stop at next bar at
> Time:     933.00 Date: 1010731.00
> bar=629 O=66.16 H=66.16 L=66.16 C=66.16
> setting 66.28 stop at next bar at
> Time:     934.00 Date: 1010731.00
> Time:     935.00 Date: 1010731.00
> 
> ***PERFORMANCE REPORTS EXECUTED TRADES:
> 1	7/31/2001	09:31	Sell	1	66.03	Sell		
> 	7/31/2001	09:32	SExit	1	66.38	SX#2	(.35)	(.35)
> 



"Buy Low, Sell High"
(If this statment is used for financial gain, I am entitled to 10% of all profits. ;) )