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I have the following code in my trading system which has IntrabarOrderGeneration set to TRUE. The problem is that it occasionally buys 2 contracts or more even if ContractsToBuy is set to true. How is this possible? Is it possible that my orders are delayed and MarketPosition is still equal to 0 on the next tick and I end up sending a duplicate order?
if MarketPosition = 0 AND Close > X then
begin
Buy ("Buy Limit") ContractsToBuy contracts next bar at (VolWAP - BuyTicksBelowVWAP*MinMove/PriceScale) limit;
end;
if MarketPosition = 0 AND Close < X then
begin
Buy ("Buy at Market") ContractsToBuy contracts next bar at market;
end;
Thank you in advance for helping me out with this one
Can you help answer these questions from other members on NexusFi?
I'm a bit confused. I don't use anything like 'ContractsToBuy' in my signals. It isn't a reserved word is it? Just a var you've defined in the strategy, or an input, right? So I am confused on how it could be a boolean (you said "set to true").
In MultiCharts you have the option of imposing a maximum position size, that MC itself will enforce even if your strategy doesn't check on its own.
Personally in my signals I tend to check the CurrentContracts figure (reserved word) so I know what my current position size is before adding to it. As an example, you could do:
Thank you very much, Mike. Often when I am stuck with EL, I find help in one of your posts
As regards, ContractsToBuy, it is my mistake in description. ContractsToBuy is an integer in my code. I will try adding the CurrentContracts check.
Anyway, is this a known problem of TS or maybe I simply do not understand this. How is situation when CurrentContracts > 0 and MarketPosition = 0 logically possible?
