Hello Pete- First of all. The videos on this site are very informative and very well done.
After going through your AutoTrader session, I have tried to create conditional orders to replicate this simple strategy: Buy when the MACD crosses over. And Sell when the Diff reduces two bars in succession.
Buy signal condition: MACD().”Diff” crosses above MACD().”Avg” (image attached)
Sell Signal condition: plot exit = MACD().”Diff” is less than MACD().”Diff” from 1 bars ago and MACD().”Diff” from 1 bars ago is less than MACD().”Diff” from 2 bars ago (image attached)
I have created this using a simple 1st trgs OCO (image attached). But unfortunately this conditional order is not getting triggered. If you look at the attached chart which shows the strategy plotted, there were at least 3 opportunities when this order could have been triggered.
I am couple of weeks into this and could be overlooking something. I have reviewed this multiple times and I am hoping you are able to help.
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Pete- Thanks for such a prompt response. You are right, I did make an error in the buy signal instead of "Value" crossing above "Avg", I coded for "Diff" crossing over "Avg". I am sending the screen shots of the buy and sell Conditional Order windows by email as the comment section does now allow me to upload pictures anymore. Even with this error, as you pointed out the buy signal triggered once. Based on these latest screen shots, I hope you are able to determine why the order is not getting triggered? Thanks!
I really don't have anything else to offer. There is nothing you did that I can see which prevents an order from being triggered. Only thing I found was the discrepancy between your chart strategy and your conditional order. The only additional detail I can cover is that it is not possible place both your entry order and your exit order at the same time. The entry order goes in first, then you wait for it to execute. Only once your are in a position are you able to enter the exit order. You cannot have two orders in opposite directions at the same time. The platform should not even permit that but if you have found some loop hole that allowed you to do that then this might explain why none of this is working for you.
Final thought: practice this using Study Alerts first, pick something very simple like the built-in study MovingAvgCrossover. Once you get that working with Study Alerts, then log into PaperMoney and practice using Conditional Orders with that same study. Then move on to testing the signals from your chart strategy (using PaperMoney). Once you get everything working on PaperMoney than everything you learned there should work on the live account.
Quick update....the conditional orders are getting executed in PaperMoney but not in Live Trading. I have scheduled a call with TD support desk to understand what's going on. I will provide another update after the call. FYI..the above order was entered as 1st Trigger OCO and that's the reason I was able to add the entry and exit order at the same time. Thanks.
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