Midland, Michigan USA
Experience: Advanced
Platform: TradeStation, Biocomp
Trading: TF
Posts: 21 since Aug 2010
Thanks Given: 71
Thanks Received: 22
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Bird:
The newer TradeStations (at least 8.8) has setting under "Strategy Properties for All Strategies on this Chart":
A dialog pops up with choices...
"General" tab, "Backtesting" tab, and "Automation" tab.
Under Automation, you can choose, under "Strategy fill logic":
one of the checkboxes allows you to "Replace strategy entry limit orders with market orders.... xx (select) seconds
after the strategy has filled the order"
There is also a similar checkbox to replace strategy exit limit orders (targets) with market orders (select) seconds after
the strategy has filled the order.
There are also other options you can choose.
Under "Backtesting" you can force fill only if price passes your limit, or a certain number of shares, ticks, or trades has occurred.
So while the EasyLanguage specifies the order type, your automation setting dialog can change how that order is actually issued, or how its execution delay at the exchange might be simulated.
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