Paper Trade Fill Price

[daugustine]

Hi all,

I have an efs that executes a papertrade market order on certain indicators. I need to build in a stop loss on this system and therefor need the fill price. How do I do that?

I guess I could submit a limit order at the bid (when going long) or ask (when short) but there is no guarentee that the order will be filled and I have not seen anything re using efs to cancel an open papertrade order.

Help is appreciated.

Thanks

Dennis

[Doji3333]

Possible Solution

The way I handle this is as follows....

First, I create the following logical variables for my code to use..

var StrategyisInTrade = false;
var StrategyisShort = false;
var StrategyisLong = false;

Once your system enters a trade, reset the necessary variables to true.

then...

if ((StrategyisLong) && (close() <= nstopprice)) {
trade.Sell(getSymbol(),(0-OpenContracts),PaperTradeBroker.MARKET);
}
if ((StrategyisShort) && (close() >= nstopprice)) {
trade.Buy(getSymbol(),OpenContracts,PaperTradeBrok er.MARKET);
}

This is the only way to handle stops at the moment because there is no way to cancel pending orders (unless you do it manually). I'm sure these changes will be made to future versions of the esig app - we just have to wait.

Brad

[daugustine]

Thanks Brad, but I think that perhaps I wasn't making myself clear. So here goes again: The trouble I'm having is that I do not know what the stop price should be because I do not know what price the market order Paper Trade was filled at. What I need is a method to determine what the fill price actually was.

Thanks & ttfn,

Dennis

[eSignal_JasonK]

Hello Dennis,

Currently we don't have a specific function that returns the fill price. Our development team will look into adding some functionality to cover this in one of our future versions. For now, you will have to track the fill prices manually.

[daugustine]

Thanks Jay,

I'll look forward to that feature. Do you know whether or not there is some mechanism for retrieving fills via efs using either MB or Interactive Brokers as an integrated borker?

Dennis

[eSignal_JasonK]

Hello Dennis,

Sorry, I don't believe we have that ability yet for MB or Interactive Brokers either.

[Doji3333]

Possible Solution...

The only way I know of to retrieve a fill price from IB is by using dynaorder (www.dynaorder.com). I have used this application in the past and currently - it is pretty simple to develop EFS around.

It allows you to ..

Place
Cancel
Poll
and request fill prices

fairly easily.

Hope this helps..

Brad

[daugustine]

Brad,

You rock! $250 is a small price to pay to build in a little more peace of mind into my trading system.

I'm installing the trial right now. I'll let ya know how it works out form me.

Thanx a bunch.

Dennis