OmniTrader Forum - Trade Plans
Current Chevron Ledgend ?

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kmcintyre

Posts: 410

Joined: 8/30/2007
Location: Valley Center, CA

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Subject : Current Chevron Ledgend ?
Posted : 10/16/2020 7:52 PM
Post #47557

I am seeing 3 chevrons in my HRS Adaptive trade plan that are not documented AFAIK.

OL-V
L-HA
S-HA

What do these chevron IDs mean?

I assume HA probably means HRS Adaptive. But shouldn't that be in the prefix, not the suffix?

I think the L-HA is a profit stop for long positions based on HRS Adaptive.
I think the S-HA is a profit stop for short positions based on HRSS Adaptive.
Are those virtual stops? If so, why not HA-V or LHA-V and SHA-V?

I think the OL-V is the entry order. But the same OL-V is used for long and short positions. And it should not be a virtual level after the trade is opened. According to the Chevron Ledgend in the OT Users Guide, L-D and S-D should be used for long and short open positions.

Is there a current Chevron Legend that includes every possible chevron identification abbreviation?

THanks

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Barry Cohen

Posts: 6338

Joined: 1/19/2004

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Subject : RE: Current Chevron Ledgend ?
Posted : 10/19/2020 9:34 AM
Post #47559 - In reply to #47557

L = Long, S = Short.

OL = OmniLanguage Stop

The 2nd ID in the chevron is for the timeframe. HA = Heikin Ashi.

V = Virtual stop, O = Broker stop


L-HA, S-HA

Are those virtual stops? If so, why not HA-V or LHA-V and SHA-V? I think the OL-V is the entry order


L-HA & S-HA are the entries, not stops. OL-V is a stop.
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kmcintyre

Posts: 410

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Subject : RE: Current Chevron Ledgend ?
Posted : 10/20/2020 1:35 AM
Post #47560 - In reply to #47557

Thanks Barry

My L-HA chevron is not showing entry at MOO priceing. In fact, I am having a difficult time finding any logic as to the fill price.

I looked at the trade plan (HRS Adaptive) and the initial order is Buy 100% SYM Market GTC.

I think that probably works well for RT traders.

I am guessing that for someone like me, who doesn't run OT during market hours, but rather runs OT after the market closes, this is a bit problematic.

So what happens to a Market GTC order if OT is not running at 6:30 AM PST?

Will the fill price be dependant on when I next run OT?

If I change the initial order to a MOO order, will OT fill the order at the open of the next bar, regardless of when I run OT next?

I am using a paper account via OT's Porfolio. So no orders are being sent to a broker.

(If a MKT order is placed after the close, I get MOO pricing on the next bar with either IB or TOS. Apparently not with OT.)

Thanks

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Jim Dean

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Joined: 9/21/2006
Location: L'ville, GA

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Subject : RE: Current Chevron Ledgend ?
Posted : 10/20/2020 5:18 AM
Post #47561 - In reply to #47560

Hi, Keith

If you know this already, apologies ...

Even though HA bars (or other fabricated NTB-type bars) are showing on the chart &/or used by the strategy, all the TradePlan orders are based on underlying OHLCV data. So, a MoO order "should" fire at the underlying daily-bar's Open price.

And, of course ... the Open shown by OT datafeed *might* not match the Open that the broker uses to fill ... though they should match since Open is (semi) negotiated.
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kmcintyre

Posts: 410

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Location: Valley Center, CA

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Subject : RE: Current Chevron Ledgend ?
Posted : 10/20/2020 11:33 AM
Post #47562 - In reply to #47557

Thanks Jim!

I did not think of that. I have never traded off a HA chart using OT Trade Plan chevrons. I will try the Daily chart and see if the world starts making sense again. (LOL)

Cheers!



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Barry Cohen

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Subject : RE: Current Chevron Ledgend ?
Posted : 10/20/2020 5:01 PM
Post #47563 - In reply to #47560

My L-HA chevron is not showing entry at MOO priceing.


It should be the daily bar's open price.

So what happens to a Market GTC order if OT is not running at 6:30 AM PST?


It does nothing if OT is not running. Only submitted broker orders can fill if OT is shut down. When OT is opened & the ToDo List runs, the order will fill & the trade plan will move to the next step & activate the stops.

Will the fill price be dependant on when I next run OT? If I change the initial order to a MOO order, will OT fill the order at the open of the next bar, regardless of when I run OT next?


The fill price will be the open price of the next daily bar when using a market or moo order. This is regardless of when you run the next ToDo List.
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kmcintyre

Posts: 410

Joined: 8/30/2007
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Subject : RE: Current Chevron Ledgend ?
Posted : 10/20/2020 6:16 PM
Post #47564 - In reply to #47557

Got it. THanks!



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