TradeStation Help

Strategy Properties for all Strategies on this Chart - Automation

In the past, automated trading through strategies may have filled non-historical orders independently of what happens to the order in the real world. Differences between actual fill prices and strategy fill prices (which make profit targets and trailing stops problematic) and cases where a strategy assumes a fill while the order remains unfilled in the real world (which may cause the strategy to become 'out-of-sync' with the real world) are two of the most common side effects. To address these issues, use the appropriate option below to allow non-historical strategy orders to be filled based on feedback from the trade server.  

 Access using the menu bar Format > Strategies menu sequence, and select the Strategies tab > Properties for All. From the Strategy Properties for All Strategies on this Chart dialog, select the Automation tab.

Strategy fill logic  

Contains the automation settings for filling orders of your strategies in the active chart.

• Strategy will fill non-historical orders based on price activity - Select this setting to use the legacy method for strategy fills. When automating a strategy, it is possible that your strategy shows a limit order as filled on your chart but the corresponding order that was sent to the market has not yet been filled.
• Replace strategy entry limit orders... - Check this setting to allows your strategy to attempt to stay in sync by replacing a strategy filled entry limit order with a market order after a specified number of seconds has passed. The replacement market order will be sent using the Intelligent router and no additional confirmation will appear.
• Replace strategy exit limit orders... - Check this setting to allow your strategy to attempt to stay in sync by replacing a strategy filled exit limit order with a market order after a specified number
• Allow multiple automated strategies on multiple charts... - Check this setting to place exit and entry orders simultaneously for a reversal instead of waiting for the exit to be reported filled before placing the entry.
• Strategy will fill non-historical orders only when the TradeManager reports... - Select this setting to have the strategy wait for actual orders to be filled.
  • Allow partially filled order to remain in market after the next calculation - Check this setting to allow your order to remain in the market for the next calculation.
  • Adopt the real-world position for the current account - Check this setting to allow your strategy to assume the real-world position when the strategy is first automated or a recalculation occurs.
  • Wait for an UROut confirmation... - Check this setting to receive a confirmation before a subsequent entry order is sent for the same signal to the market.

 VIDEO - How to use an automated strategy to exit a position
Learn about using a strategy component to exit from an existing position.

Stop Orders  

Contains the automation settings for stop orders of your strategies in the active chart.

• Send strategy generated stop orders directly to... - Check this setting to allow your strategy generated stop orders to be held on  the TradeStation trade server instead of your local computer. 
• Always hold stop order on the... - Check this setting if you want TradeStation to hold your stop orders on the TradeStation Order Execution Network's Stop server.

Set as Default - Check this setting to have the above automation settings apply to all new strategies.

 Click OK to apply changes or Cancel to exit without changes.