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Re[4]: LOOK inside Bar order entry


  • To: "Michael King" <mrking@xxxxxxxx>
  • Subject: Re[4]: LOOK inside Bar order entry
  • From: Pierre Orphelin <pierre.orphelin@xxxxxxx>
  • Date: Thu, 9 Sep 2004 06:45:00 +0200
  • Organization: Sirtrade Intl.

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Thursday, September 9, 2004, 6:00:21 AM, you wrote:

MK> Jimmy,

MK> At the moment I use pushpop to push all the indicators to a small tick
MK> frame.
MK> This is messy and time consuming.

MK> PushPop is a great program for sharing tick data streams on the same chart.
MK> I'm Glad some one told me about it when I asked.

MK> If any of you guys come across a program that does Order Entry intrabar
MK> please let me know, and I be Glad about that too.

MK> Kind Regards.

-------------------------------------------------

This  one does it without any problem. Like pushpop, but with RadarScreen as the
master  strategy  window  (  the system runs in RadarScreen and is executed in a
tick chart where you can write anything additional you want).

http://www.sirtrade.com/pfo.htm

Excerpt from the user manual:




6- PFO_Execute RadarScreen Strategy

How it works

The tick chart is automatically linked to the RadarScreen line where the PFO Strategy indicator is running.
You only have to pay attention to the RS window name (Pagename) and pageNumber.
Both should match the PFO Strategy PageName and RS_ Select page number in the PFO Execute strategy running in the tick chart.

The advantages are multiple:
First you can run a strategy fired in RadarScreen and add additional conditions in the linked tick charts.
Second, you may fire stop limit orders that are impossible to run in TradeStation.
The stop is virtually generated in RadarScreen and the information is passed to the appropriate tick chart as soon as available where the limit order is placed once the stop hit in RadarScreen

Note that you could also generate limit stop orders too (where the limit order is virtually fired in RadarScreen and the stop order is fired for real from the tick chart.

You may also devise a trailing entry in the tick chart to improve the limit entry price. All of this only need a modification of the RS Execute strategy code, in the section where orders are  placed.

The information passed from RadarScreen to  the linked tick chart  is:

Lastposition : This is the latest RadarSceen position
openpos    : This is the current open position value    
nbcontracts : This is the number of  contracts ( or shares) calculated in RadarScreen
tradeval          : This is the latest entryprice in RadarScreen


Rgds

Pierre Orphelin
www.sirtrade.com