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How you are filled depend on what the symbol settings
are in your server (or downloader, depending where you
are getting your data)
ts will fill you only at a 'valid price'. Where a
valid price is defined as a multiple of the "Price
Scale * Minimum Movement"
So if your price scale is 1/8 and your minimum move is
1 then you will only see orders filled in eights.
The misterious rounding depends on the type of order.
If it is a buy limit order (any order read as 'price
or lower') then ts will round down, if its a "or
higher" order (like a buy stop order) ts will round up
to the nearest 'valid price'.
This is perfectly logical. If the market is traded in
1/8ths, and you place an order to "buy limit at 80
1/16" you would expect to be filled at 80, not 80
1/8...
H
--- Jimmy56@xxxxxxx wrote:
> In a message dated 02/24/2000 11:02:30 PM Pacific
> Standard Time,
> bnm03@xxxxxxx writes:
>
> << This time I'm having a hard time
> rationalizing the logic behind the way TS4 fills
> Limit orders in EL. Maybe
> someone on this list knows what's going on and can
> enlighten me or at least
> confirm that TS4 is messed up. Here's what's
> happening:
>
> Take a 5 minute chart of your favorite NASDAWG
> stock. Any stock will do.
> Then place limit orders to buy the low of L[0] +
> 1/6 above. So the EL
> statement would look something like this (assuming
> all vars are defined,
> etc.)
>
> buyPrc = L + 0.0625
> Buy ("B1") At buyPrc Limit; >>
>
> I had a similar problem that was discussed a couple
> weeks ago on the group.
> My orders were buy stops where I was buying end of
> day at the High plus .125,
> but TS 4 was first rounding the high up to the
> nearest 8th and only then
> adding the additional 1/8th. What I had to do was
> change the minimum move of
> each of my stocks in each stock's setting tab.
> Change the minimum from 125
> (which is 1/8th) to 625 (which is 1/16th) and then
> change the price scale
> from 1/1000 to 1/10000.
> See if that works.
> I'm still trying to understand how TS 4 fills its
> sell stop exit orders. I'm
> using Average True Range multiples to exit and TS is
> doing some weird
> rounding up and down that I haven't figured out yet.
> Anyone know anything
> about that?
> Jim
>
>
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