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Orders immediately closed
lil
 Post subject: Orders immediately closed Post rating: 0   New post Posted: Mon 08 Jul, 2013, 13:45 

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Joined: Sat 08 Jun, 2013, 12:05
Posts: 71
Location: FranceFrance
I'm opening Orders with the following code: (called from the onBar function, 15min )

orderscount++;
engine.submitOrder("test"+orderscount, instrument,
   IEngine.OrderCommand.SELL, 0.1, 0, 0,
   history.getLastTick(instrument).getAsk() - instrument.getPipValue() * 30,
   history.getLastTick(instrument).getAsk() + instrument.getPipValue() * 30);

//or 
orderscount++;
engine.submitOrder("test"+orderscount, instrument,
   IEngine.OrderCommand.BUY, 0.1, 0, 0,
   history.getLastTick(instrument).getBid() - instrument.getPipValue() * 30,
   history.getLastTick(instrument).getBid() + instrument.getPipValue() * 30);

but they seem to get closed immediately when tested from jforex.jnlp strategy tester

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API Support
 Post subject: Re: Orders immediately closed Post rating: 0   New post Posted: Mon 08 Jul, 2013, 13:57 
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Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
Have a closer look at the TP/SL prices that you set.
 
CriticalSection
The Best Answer  Post subject: Re: Orders immediately closed Post rating: 0   New post Posted: Mon 08 Jul, 2013, 22:00 
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Joined: Sat 22 Sep, 2012, 17:43
Posts: 118
Location: Brazil, Fortaleza, Ceará 
orderscount++;
engine.submitOrder("test"+orderscount, instrument,
   IEngine.OrderCommand.SELL, 0.1, 0, 0,
   history.getLastTick(instrument).getAsk() + instrument.getPipValue() * 30,
   history.getLastTick(instrument).getAsk() + instrument.getPipValue() * 30);
 
//or 
orderscount++;
engine.submitOrder("test"+orderscount, instrument,
   IEngine.OrderCommand.BUY, 0.1, 0, 0,
   history.getLastTick(instrument).getBid() + instrument.getPipValue() * 30,
   history.getLastTick(instrument).getBid() + instrument.getPipValue() * 30);

Method of interest [javadoc]
IOrder submitOrder(String label, Instrument instrument, IEngine.OrderCommand orderCommand, double amount, double price, double slippage, double stopLossPrice, double takeProfitPrice)

Parameters of interest:
IEngine.OrderCommand orderCommand
double stopLossPrice
double takeProfitPrice

General Issue:
Long trades (BUY) close out immediately
Short trades (SELL) close out immediately

Observations:
In Long cases that anticipate a price rise, the Stop Loss is placed above the open bid and well into the potential rise zone (Open + SL)
In Short cases that anticipate a price fall, the Take Profit is placed above the open ask and well into the potential rise zone (Open + TP)

Remedies:
In Long cases that anticipate a price rise, consider placing the Stop Loss towards the area below the entry price (the fall zone)
(a stop loss order for a Long position set above the open appears to have already been hit, price fell below the stop loss, on entry into the position)
In Short cases that anticipate a price fall, consider placing the Take Profit towards the area below the entry price (the fall zone)
(a take profit order for a Short position set above the open appears to have already been hit, price fell to or below the take profit, on entry into the position)
 
lil
 Post subject: Re: Orders immediately closed Post rating: 0   New post Posted: Tue 09 Jul, 2013, 01:12 

User rating: 0
Joined: Sat 08 Jun, 2013, 12:05
Posts: 71
Location: FranceFrance
Thanks for your replies, I'm not sure to understand everything @critical, like anticipation.., (not a pure financial guy :) ) I'm simply using 15mins bars and sending orders

I have in the report a:
test6    0.1   SELL   1.34041   1.34045   -4.0   -0.4   2013-06-18 15:45:00   2013-06-18 15:45:00

double sl =history.getLastTick(instrument).getAsk() - instrument.getPipValue() * 30,
           tp = history.getLastTick(instrument).getAsk() + instrument.getPipValue() * 30;
engine.submitOrder("test"+orderscount, instrument,
            IEngine.OrderCommand.SELL, 0.1, 0, 0, sl, tp);
console.getOut().println(df.format(b.getTime())+"  SELL!!!!!"+orderscount+" "+sl+" "+tp);

gives:
2013-06-18 15:30:00  SELL!!!!!6 1.33745 1.3434499999999998

so the tp and sl shouldn't have caused the close, if they did I would have either won or lost the trade with ~30pips

edit: right, works by setting sl tp, differently if this is a buy or sell, thanks
 
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