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Direct MessagesDate/Time: Tue, 30 Apr 2024 01:15:14 +0000
BuyExit Signal Ignored - Related to Unmanaged Trading?
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| [2016-06-29 21:17:23] |
| Pinger - Posts: 33 |
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Hi The scenario... 1) I have a long position 2) I have working Sell Stop order to open a short position at some point in the future after flattening my long position 3) I try to flatten my long position with a BuyExit order and I get the following message in the Trade Service Log... Auto-trade: EURUSD 1 Trades #1 | FX Machine | Bar start Date-Time: 2016-06-29 20:51:42.001 | BuyExit signal is ignored. Long position quantity does not exist or there are already working exit orders that will flatten the position. Current Position with working exit orders: 0. Current Position: 1. Current Position with exit market orders: 1 | 2016-06-29 20:51:43 I have set the trading variables for Unmanaged Trading as per the documentation. And from reading the Automated Trading Management documentation, I think this could be related to Managed/Unmanaged Trading and/or using the BuyOrder() function instead of BuyExit() but I'm not sure. What I want to achieve is to flatten my long position leaving my Sell Stop active to open short position upon a further fall at some point in the future. Any assistance would be much appreciated. Kind regards John |
| [2016-06-30 06:01:12] |
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You cannot use Buy Exit or Sell Exit as is documented here: https://www.sierrachart.com/index.php?page=doc/doc_AutoTradeManagment.php#UnmanagedAutomatedTrading Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
| [2016-06-30 06:55:30] |
| Pinger - Posts: 33 |
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Hi Thanks for the reply. I have read the Unmanaged Automated Trading documentation but I don't find the wording to be crystal clear. I'm inferring from the documentation and your reply that I need to use the BuyOrder/SellOrder functions to flatten a position in the scenario I have described? Many thanks |
| [2016-06-30 07:06:42] |
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Yes that is correct.
Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
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