kmcintyre![]() Legend ![]() ![]() ![]() ![]() Posts: 410 Joined: 8/30/2007 Location: Valley Center, CA ![]() | I have spent the afternoon trying different Trade Plan Entry conditions. What I was going for was a Buy Stop Limit order where the Stop was the H of the signal bar and the limit was the same (at least for now). The concept is that the next bar must confirm the entry by trading above the H of the signal bar, but I want to protect against gaps that might cause me to buy at a price much higher than I intended. (In some cases above my target exit price...) One thing I noticed (a head scratcher) is that I had to set the Time In Force for the Limit condition to 2 bars. The default of 0 allowed the trade to live a long time until price finally fell back to the H of the signal bar. A setting of 1 (which made sense to me seeing as I wanted to give the trade 1 bar after the signal bar to fill or kill) never entered any trades. Only by setting TIF to 2 would I enter trades on the bar after the signal bar, but only if the Stop and Limit where hit within that bar. What am I missing? The second thing I saw was that I was always seeing the Open price being used for the fill price. This always seemed to give my trades an edge. In real life I would expect the fill to be very close to the Stop price. As soon as the order was armed (trading at the STOP) the Limit would also be hit, allowing a fill very close to the Stop/Limit price. Giving me a lower Open price didn't seeem right. Is there a way to force the TP to fill at the Stop price? AFAIK I can't write OL to control the fill price. I can only signal a long or short. It is up to the TP to assign an entry price. Correct? Thanks ![]() |