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Date/Time: Sun, 24 Nov 2024 05:55:13 +0000



Post From: problem with automatic trade with reversal orders and number of quantity are traded every revers

[2013-09-11 21:45:30]
Amit Levy - Posts: 9
Hello Guys,

I tried to use automatic trading with reversal and bracket order with take profit and stop loss with IB platform with only 1 quantity are set.
I used paper account to send order from sierra chart as live situation.
When my first trigger is send order at bar close with order of 1 quantity, is send the order great with take profit and stop loss but the problem is with reversal orders.
When the next trigger is appear for reversal is sell 1 quantity and buy 2 quantity to trade.
At IB account i see 2 quantity are trade and for the next signal is work fine again with 2 quantity and is manage great 2 quantity at reversal situation. but i like to trade with only one quantity at every cycle.
I using spreadsheet system for trading with the following parameters with "YES" conditions:
1- Cancel All Orders on Entries and Reversals .
2- Allow Entry With Working Orders.
3- Signal Only On Bar Close (Columns L, N-Z)
4- Signal Only On Bar Close (Columns K, M)
5- Send Orders To Trade Service .
6- Support Reversals.
7- Allow Opposite Entry with Opposing Position or Orders .
8- Cancel All Working Orders on Exit .
9- Flatten and Cancel Working Orders.

Please advice how to manage the orders correctly with 1 quantity every cycle.

Thanks,
L.A