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GTC stops instead of Day orders... free code for percent targets DAY help make GTC


Discussion in EasyLanguage Programming

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mslezak
Houston Texas
 
Posts: 1 since Jul 2013
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Anyone know how to modify this code I wrote that uses EasyLanguage to place DAY orders based on percent targets to code that places Good Until Cancelled orders? It seems the function written for stops in EL doesn't allow this parameter, so another function is required. Has to be a One Cancels Other order... Don't want to have to rely on an internet connection being up, just want the stops in place as soon as the initial position is triggered. Posting free code here in exchange for some help...


Inputs: Price(Close), //use the closing price for calcs
Cts(3), //#contracts for each trade
Notional(5000), //default per contract units (5000 bushels corn/ soybeans / wheat etc.)
StopLossPct(0.02), // 2% target, change to your liking
ProfitTgtPct(0.02); // 2% target

Vars:
PrcStopLessEntryPrice(StopLossPct*Cts*Notional), PrcPrfLessEntryPrice(ProfitTgtPct*Cts*Notional), StpLoss(0), PrfTgt(0);

// YOUR CODE HERE THAT DOES SOME BUY OR SELL BASED ON SOMETHING....
StpLoss = PrcStopLessEntryPrice * Price[0];
PrfTgt= PrcPrfLessEntryPrice * Price[0];

SetStopPosition;
SetStopLoss(StpLoss);
SetProfitTarget(PrfTgt);

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 kevinkdog   is a Vendor
 
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mslezak View Post
Anyone know how to modify this code I wrote that uses EasyLanguage to place DAY orders based on percent targets to code that places Good Until Cancelled orders? It seems the function written for stops in EL doesn't allow this parameter, so another function is required. Has to be a One Cancels Other order... Don't want to have to rely on an internet connection being up, just want the stops in place as soon as the initial position is triggered. Posting free code here in exchange for some help...


Inputs: Price(Close), //use the closing price for calcs
Cts(3), //#contracts for each trade
Notional(5000), //default per contract units (5000 bushels corn/ soybeans / wheat etc.)
StopLossPct(0.02), // 2% target, change to your liking
ProfitTgtPct(0.02); // 2% target

Vars:
PrcStopLessEntryPrice(StopLossPct*Cts*Notional), PrcPrfLessEntryPrice(ProfitTgtPct*Cts*Notional), StpLoss(0), PrfTgt(0);

// YOUR CODE HERE THAT DOES SOME BUY OR SELL BASED ON SOMETHING....
StpLoss = PrcStopLessEntryPrice * Price[0];
PrfTgt= PrcPrfLessEntryPrice * Price[0];

SetStopPosition;
SetStopLoss(StpLoss);
SetProfitTarget(PrfTgt);


I'm almost positive that you cannot create GTC orders using automated code with SetStopLoss, SetProfitTarget. They are just day orders for that bar, unless the next bar cancels them or reaffirms them.

A couple of possible alternatives:

Use macros in your code to send the orders

Use PSP Order Ticket object (new programming in TS 9.0)


Unfortunately, I have no experience in either of the above.

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Last Updated on August 6, 2013


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