But with the TS reserve words that I found so far, they must be used only to exit a position - or so it appears.Īgain, the problem is you are still not clear on what your "buy stop" definition is! For instance, with IB a stop can be used to either exit or enter a position. It is a basic execution method that is built into many much less sophisticated platforms. I strongly suspect that there is either a reserve word or a strategy that handles this. It is merely the same as using a conventional trailing stop for exiting a position, but in reverse (for entering a position). 75 points less than simply placing the market order in the first place. In this example, the stock would be purchase at around. Then, the price bounced back (went up) by at least. Then the price fell more than 1 point so as to invoke the trailing stop (which is what I am hoping for). Thus, a typical scenario would be that the trailing stop buy instruction with parameters of 1 and. 25, then a market order would be generated when the price of the stock increased by. This is the price increase required to trigger a market order. The second parameter would be the stop price. It doesn't really matter what the offset references.įor example, if the first parameter is 1, then the trailing stop could go into effect when the price of the stock moves to 1 point lower than the closing price of the current bar. It could be a delta or offset from the current price (as of the time that the trailing buy stop instruction is executed) or it could be an offset from the close of the current bar. The first would be where the trailing stop is invoked. NxCORE by NANEX Whole market data feeds.What I am considering is a trailing buy stop that requires the entry of two parameters (inputs). Ninja Mobile Trader VPS Virtual Private Trading Servers MultiBank Group Financial Derivatives Providers
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Please investigate the situation ASAP and restore my confidence in Tradestation.ĮT IS FREE FOR TRADERS BECAUSE OF THE FINANCIAL SUPPORT FROM THESE SPONSORS: Alaric Trader EU Licensed Broker/DealerĪMP Global Clearing Futures and FX TradingĪXIA Futures Trader Training and Mentorshipīreaking Equity Algo Software for Retail TradersĬannon Trading Futures and Options BrokerageĬomposer Hedge Fund Strategies for Retail TradersĮarn2Trade Education and Funding Challenge The loss I sustained on one contract from the bogus $788 fill to my forced closing of the position at $822.70 due to perceived errors in your system should be adjusted or compensated. I feel that I should have been entitled to a fill much closer to the $822 level. I would like to know why the order was rejected but the rejection has been conveniently deleted from my trade manager. The account had more than sufficient capital at the time. However, this error was not a product of slippage, it was caused by the order being rejected for some unknown reason. I fully understand the concept of slippage. I re-entered my original short position of one YG contract at 9:40 Knowing that something was seriously wrong with the platform at that time I exited the entire position at 9:39 as I tried to analyze the situation. (In that time period GC never traded below $810 and about $1,000 of my capital evaporated in a fraction of a second) Why? Nearly a minute later, and more importantly $34 lower, I was informed by my platform "ORDER FILLED" $788. My Tradestation platform verbally and by text informed my "ORDER REJECTED". On Octoat or about 9:35 a.m., GCZ08 traded below $822 and my order was sent to market. This open order was placed and was good till canceled. I also had an open GTC order to sell one YG contract at market, only to be activated in the event that GCZ08 traded below $822. On Thursday OctoI had a short position in a single YG contract. I spoke with a Tradestation agent named Bill, from Chicago, about the error and he informed me to e-mail my complaint as follows. I am writing today about an error in your system that cost me a significant amount of money. Even though I don't stand a chance of being compensated I sent the following e-mail to TradeStation.
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