Tradestation Easylanguage Giving Horrible Fills

[koganam]

Not to that extent, no.

There must not and cannot be any negative slippage with Limit Orders. If you are getting negative slippage, then your broker is not filling your orders correctly, and you may need to get a better broker. If you are using Market Orders, then pretty much you are giving the broker a license to rip off, and WYSIWYG.

If you trade any other liquid instrument, you might want to see what happens there, just so that you can be really sure that this is a platform problem rather than a broker problem.

[djvie11]

Isn't that the thing with forex? Your broker steps in and fills you at times, hence the "bad fills".

Isn't that in the terms of agreement for Forex trading?

Not to that extent, no.

[sledge]

Where it either says "BUY" or "SHORT," is where the order should be filled - but instead the orders are filled where the small white & blue circles are.

Isn't that the thing with forex? Your broker steps in and fills you at times, hence the "bad fills".

Isn't that in the terms of agreement for Forex trading?

[djvie11]

Where it either says "BUY" or "SHORT," is where the order should be filled - but instead the orders are filled where the small white & blue circles are.

[sledge]

I don't understand your chart.

What did the book look like when you placed these orders?

[Harry]

For high frequency trading you would need the lowest possible commissions and the lowest latency possible. Both is impossible for a retail trader. HFT is like fighting tanks with a knife, You can't win.

I do not know EasyLanguage. But if you use limit orders to enter a position, your fill cannot be worse than the limit price.

[djvie11]

I do appreciate the reply, Harry.

NZD/USD is not an exotic pair in the least. This is happening even with EUR/USD. As far as high frequency trading goes ... isn't that a benefit of creating a strategy?

Anyways, if you know of any better Easylanguage code for limit orders other than
"Buy next bar at open next bar limit" please let me know! Much thanks!

[Harry]

There are a few rules that need to be followed, if you do not want to commit financial suicide.

-> trade a liquid instrument (not exotic currency pairs)
-> do not engage in high frequency trading, but go for at least 20 to 30 pips
-> try to use limit orders to enter a position
-> if your FOREX broker does not offer limit orders, trade a different instrument or change your broker

You have probably broken all rules at the same time ......

[djvie11]

Hey guys!

I'm currently running a strategy on Tradestation using EasyLaguage on tick charts. The ticks range from 2ticks - 100 ticks. However, no matter what tick or what speed internet I use (even tried on a T3 line), I'm getting some wild fills.

I've attached a screen shot to show you where the strategy commanded the buy or sell & then where it actually got filled.

The Easylanguage used to buy / cover is below. Is there anything I can do to not get these crap fills? My strategy depends on getting decent fills.

Thanks so much in advance!!!
--------------------------------
IF
Condition1 AND Condition2 AND Condition3 OR Condition4
Then BUY ("BUY") this bar;
IF
Condition5
THEN SELL ("cover buy") this bar;

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