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Takeprofit order or manually close order
[enginedave]
 Post subject: Takeprofit order or manually close order Post rating: 0   New post Posted: Sat 28 Aug, 2010, 19:01 

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Joined: Wed 04 Aug, 2010, 22:41
Posts: 4
During development I have used two different methods to close a position but I get different results.

Method 1. close a position using the system takeProfit defined when the position is opened 
engine.submitOrder(label, instrument, orderCmd, amount, price, slippage, stop, takeProfit);

Method 2. close a position manually within the onTick() method (when certain price level is reached) using 
this.order.close();


However even when I use the same takeprofit price level the positions are closed at different locations - see attached file showing the two methods and the close positions.


Attachments:
File comment: Screenshots of trades
pic1.jpg [227.8 KiB]
Downloaded 479 times
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API Support
 Post subject: Re: Takeprofit order or manually close order Post rating: 0   New post Posted: Mon 30 Aug, 2010, 09:06 
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Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
Hello,
please specify, which offer side are you using.
 
[enginedave]
 Post subject: Re: Takeprofit order or manually close order Post rating: 0   New post Posted: Mon 30 Aug, 2010, 11:03 

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Joined: Wed 04 Aug, 2010, 22:41
Posts: 4
bid side
 
API Support
 Post subject: Re: Takeprofit order or manually close order Post rating: 0   New post Posted: Tue 31 Aug, 2010, 14:05 
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Joined: Fri 31 Aug, 2007, 09:17
Posts: 6139
Sell trades are opened by BID price and closed by ASK price. ASK is higher than BID on the chart. On your picture in the places where BID price reaches your level, order wasn't closed because ASK price didn't reach your level price. When you close orders in onTick you can control yourself what side BID or ASK to use.
 
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