Barry Cohen Sage     Posts: 6339 Online Joined: 1/19/2004  User Profile | I'll try to explain with an example. Example 1 - Without updating portfolio during market hours... Monday. Run ToDo List & submit orders before market open. Entry orders should be shown in Open Orders tab. Stops are not active or submitted yet. Tuesday. Run ToDo List & submit orders before market open. The ToDo List downloads the data, runs analysis AND update's the portfolio for Monday's trade plans so that those initial orders execute & their associated stops become active (& may now show in the Open Orders tab) - essentially a day late. But since this is paper, it should retroactively close any of those trades that should've had exits triggering within the completed Monday bar. After all of this, then it submits new orders for Tuesday. In that example, if you have AutoTrade updating the portfolio any time up to 8:50AM CST, it will have no effect as the data downloaded is delayed, so no new bar for Monday will not exist until Tuesday's data download. So you need to make sure Update Portfolio is done after 8:50AM CST. Example 2 - With updating portfolio during market hours... Monday. Run ToDo List & submit orders before market open. Entry orders should be shown in Open Orders tab. Stops are not active or submitted yet. Say at 9AM CST, Update Portfolio runs the ToDo List which downloads the Monday bar's data & runs analysis. This will execute all your trades - so the stocks become open positions & the stop orders become active & could possibly trigger. Tuesday. Run ToDo List & submit orders before market open. The ToDo List downloads the data, runs analysis AND update's the portfolio for Monday's trade plans. The Monday trades are already executed though, so all that happens for the Monday trades is the stops are tested again. Again since this is paper, it should retroactively close any of those trades that should've had exits triggering within the completed Monday bar. After all of this, then it submits new orders for Tuesday. | |
