Hi

I cannot get the EST to go long on a stop limit that is equal to the days high.  It places the order but it expires.  Does anyone know why?  I assume it doesn't work for shorts on the low either.

Cheers

Stewart

I believe the stop is primed instantly and looks at the current bar as well. To make sure I understand how you're using it though, are you using the actual Stops tab, are you changing the Order Type in the Buy Order/Sell Order tabs (i.e. from Market to something else) or are you trying to write a stop through the formula language?

I have changed the Order Type to Stop Limit, the formula is Ref(H, -1) + 0.0001, its yesterdays hight + 1 pip (FX Futures) the high for the day of "Entry" is yesterdays high + 0.0001.  If I manualy edit the data and add 0.0001 to it i.e. its high is 0.0001 higher then my entry price the order is filled at my Stop Limit price.

Is your Expiration set to Good for Day or Good Until Cancelled?

Good for day only

More than likely this is causing the stop to expire.  Try setting this to Good Until Cancelled to see if this helps.

If I use Good Until Cancelled it fires the next day as prices trade higher.  Even if this fixed the problem it is not what I want, this affects a lot of other trades as well.  I think this is a bug in Metastock, the trade should of happened.  Can Equis confirm if this is a known problem?

 

Cheers

Stew

I'm not sure I'd call it a bug. The stop limit entry price begins the moment the order is considered. If your trade does not execute on that bar, then the good for day will expire.

You would either need to remove the good for day limitation, or execute the trade on the same bar as it is considered.

I may not have made myself clear in the first post.  The order would have been

 

Buy 1 XYZ at 1000 on stop limit.  Good For Day

 

On that day XYZ trades at a high of 1000, I should be filled.  Metastock does not take the trade.  If the high is 1001 I get filled.  I think this is a bug, if it is by design I think I will make a suggestion that it can be turned off.

 

Cheers

Stew

There does appear to be an issue in that it will not fill a price equal to the high.  The system looks only at prices less than the high or greater than the low.  These criteria should likely be set to less than or equal to the high or greater than or equal to the low.

This has been written up as a bug.