Placing BuyStop and SellStop Orders

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Placing BuyStop and SellStop Orders #487865 10/19/23 18:41 10/19/23 18:41
Joined: Sep 2023 Posts: 18 Freiburg S steyr OP Newbie
steyr OP Newbie S Joined: Sep 2023 Posts: 18 Freiburg	Hello dear community, I am working with the MT5 bridge, and currently I am struggling to place Buy Limit and Sell Limit orders. When I run my code, the Buy/Sell Limit order is placed almost directly at the current price, instead of at a 0.2% distance from the current price. Furthermore, I am wondering how to program Buy/Sell Stop orders in Zorro. The manual doesn't seem to provide proper code examples. Can anyone of you help me out with this? Best regards, steyr Code if(priceC(0) <= priceO(0) and NumPendingShort <= 0) { OrderLimit = priceO(0)-(priceC(1)(0.2/100)); // 0.2% Distance from current Price MaxShort = 1; enterShort(OrderLimit); } else if(priceC(0) >= priceO(0) and NumPendingLong <= 0) { OrderLimit = priceO(0)+(priceC(1)(0.2/100));// 0.2% Distance from current Price MaxLong = 1; enterLong(OrderLimit); } Last edited by steyr; 10/19/23 19:00.

Re: Placing BuyStop and SellStop Orders [Re: steyr] #487866 10/19/23 20:05 10/19/23 20:05
Joined: Feb 2017 Posts: 1,835 Chicago AndrewAMD Serious User
AndrewAMD Serious User Joined: Feb 2017 Posts: 1,835 Chicago	OrderLimit is a global variable and not an argument for enterLong/short. Just set OrderLimit before you call enterLong. www.vitaltrades.com - andrew@vitaltrades.com - YouTube channel

Re: Placing BuyStop and SellStop Orders [Re: AndrewAMD] #487868 10/20/23 09:46 10/20/23 09:46
Joined: Sep 2023 Posts: 18 Freiburg S steyr OP Newbie
steyr OP Newbie S Joined: Sep 2023 Posts: 18 Freiburg	Thank you for your hint, Andrew. However, it's the case that it doesn't place the Limit Order around +- 0.2% from the current price but rather in close proximity to the price... I don't understand this logic. Code if(priceC(0) <= priceO(0) and NumPendingShort <= 0) { OrderLimit = priceO(0)-(priceC(1)(0.2/100)); // 0.2% Distance from current Price MaxShort = 1; enterShort(); } else if(priceC(0) >= priceO(0) and NumPendingLong <= 0) { OrderLimit = priceO(0)+(priceC(1)(0.2/100));// 0.2% Distance from current Price MaxLong = 1; enterLong(); } Last edited by steyr; 10/20/23 09:46.

Re: Placing BuyStop and SellStop Orders [Re: steyr] #487869 10/20/23 12:36 10/20/23 12:36
Joined: Feb 2017 Posts: 1,835 Chicago AndrewAMD Serious User
AndrewAMD Serious User Joined: Feb 2017 Posts: 1,835 Chicago	Your code does not match your description. It is relative to both the current bar and the previous bar, which is wrong. Donâ€™t call priceC(1). www.vitaltrades.com - andrew@vitaltrades.com - YouTube channel

Re: Placing BuyStop and SellStop Orders [Re: AndrewAMD] #487870 10/20/23 15:30 10/20/23 15:30
Joined: Sep 2023 Posts: 18 Freiburg S steyr OP Newbie
steyr OP Newbie S Joined: Sep 2023 Posts: 18 Freiburg	I see, unfortunately, changing the approach as you said before hasn't resolved the issue with the inexplicable placement of OrderLimit. Even though the correct price level is displayed in the print statement, it's not being placed accurately in the market. In the attached image, priceO(0) and the OrderLimit variable are printed, showing a difference of 0.02%. Despite this, a sell position is opened at 0.00006 immediately afterward. What could be going wrong here? Code if(priceC(0) <= priceO(0) and NumPendingShort <= 0) { OrderLimit = priceO(0)-(priceO(0)(0.2/100)); // 0.2% Distance from current Price MaxShort = 1; enterShort(); } else if(priceC(0) >= priceO(0) and NumPendingLong <= 0) { OrderLimit = priceO(0)+(priceO(0)(0.2/100));// 0.2% Distance from current Price MaxLong = 1; enterLong(); } Attached Files Last edited by steyr; 10/20/23 15:40.

Re: Placing BuyStop and SellStop Orders [Re: steyr] #487872 10/20/23 17:49 10/20/23 17:49
Joined: Feb 2017 Posts: 1,835 Chicago AndrewAMD Serious User
AndrewAMD Serious User Joined: Feb 2017 Posts: 1,835 Chicago	It still doesn't match your description. The latest price is priceC(0). run() is called when a bar closes. Also, try rounding OrderLimit to the nearest PIP, and if that doesn't work, contact support. www.vitaltrades.com - andrew@vitaltrades.com - YouTube channel

Re: Placing BuyStop and SellStop Orders [Re: steyr] #487879 10/23/23 08:57 10/23/23 08:57
Joined: Sep 2023 Posts: 18 Freiburg S steyr OP Newbie
steyr OP Newbie S Joined: Sep 2023 Posts: 18 Freiburg	Rounding the OrderLimit variable using round() unfortunately doesn't change the outcome. I will now contact the support team. Thank you for your assistance until now. This is how the final code looks like Code tick() { if(priceC(0) <= priceO(0) and NumPendingShort <= 0) { OrderLimit = roundto( (priceO(0) - (priceO(0) * (BarRange/100)) ),PIP); // 0.2% Distance from current Price MaxShort = 1; enterShort(OrderLimit); } else if(priceC(0) >= priceO(0) and NumPendingLong <= 0) { OrderLimit = roundto( (priceO(0) + (priceC(1) * (0.2/100)) ),PIP); // 0.2% Distance from current Price MaxLong = 1; enterLong(OrderLimit); } } Last edited by steyr; 10/23/23 08:58.

Re: Placing BuyStop and SellStop Orders [Re: steyr] #487883 10/23/23 15:26 10/23/23 15:26
Joined: Feb 2017 Posts: 1,835 Chicago AndrewAMD Serious User
AndrewAMD Serious User Joined: Feb 2017 Posts: 1,835 Chicago	You did it again... Don't do this: Code enterShort(OrderLimit); enterLong(OrderLimit); enterLong() and enterShort() are documented here. https://zorro-project.com/manual/en/buylong.htm www.vitaltrades.com - andrew@vitaltrades.com - YouTube channel

Re: Placing BuyStop and SellStop Orders [Re: steyr] #487890
10/24/23 20:11 10/24/23 20:11

Joined: Sep 2023
Posts: 18
Freiburg

steyr

OP
Newbie

steyr

OP
Newbie

Joined: Sep 2023
Posts: 18
Freiburg

Oh sorry, my fault..

in the running script its correct..

Code

            tick()
                      {		
                        if(priceC(0) <=  priceO(0) and NumPendingShort <= 0)
			{
				OrderLimit = roundto( (priceO(0) - (priceO(0) * (BarRange/100)) ),PIP); // 0.2% Distance from current Price
				MaxShort = 1;
				enterShort();
			}

			else if(priceC(0) >= priceO(0) and NumPendingLong <= 0)
			{
					
				OrderLimit = roundto( (priceO(0) + (priceC(1) * (0.2/100)) ),PIP); // 0.2% Distance from current Price
				MaxLong = 1;
				enterLong();
					
			}
                      }

Last edited by steyr; 10/25/23 06:57.

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