Too much distance from real price in Open Orders

echnaton · #1 (**permalink**) 02-22-2007, 06:30 PM

Hello,

I have a problem with to much distance in open Order with the OrderSend() function.

Here a picture:

Often there are taken prices 3 pips over the visible bars in the chart.

Here ist my Code to open Orders:

PHP Code:


			
//my parameters
extern double    TakeProfit=60.0;
extern double    Lots=0.01;
extern double    TrailingStop=35.0; 
extern double    StopLoss=100.0;
 
extern int Slippage=3;
 
if(isCrossed == 1)
   {
      while(true)
      {
      ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,Ask-StopLoss*Point,Ask+TakeProfit*Point,"EMA_Cross_2",MAGIC,0,Green);
         if(ticket<=0)
         {
         eror=GetLastError();
         Print("Error opening BUY order without RefreshRates() function in if not ExistPosition() Abfrage error: ",ErrorDescription(eror));         
 
         RefreshRates();
 
         OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage,Ask-StopLoss*Point,Ask+TakeProfit*Point,"EMA_Cross_2",MAGIC,0,Green);
 
         eror=GetLastError();
         Print("Error opening BUY order after RefreshRates() function in if not ExistPosition() Abfrage error: ",ErrorDescription(eror));         
         
         } 
         else 
         {
         if(OrderSelect(ticket,SELECT_BY_TICKET,MODE_TRADES)) 
         Print("BUY order opened : ",OrderOpenPrice());
         break;
         }
         
      }//-> End while 
   return(0);//-> End start() 
   }//-> End if is Crossed==1

Can you their give me please tips what to do for get reasonable praises ?

Mark53 · #2 (**permalink**) 02-24-2007, 11:18 PM

Hi,

That's normal, when you place a BUY order, you buy at the ask price, which includes a commission. It depends of the broker and seems to be 3 pips in your case (you can get it by calling the OrderCommission() function). Since the charts usually represent bid prices, you buy at ask = bid + 3 pips.

By the way, you should write :

ticket=OrderSend(Symbol(),OP_BUY,Lots,Ask,Slippage ,Bid-StopLoss*Point,Bid+TakeProfit*Point,"EMA_Cross_2",MAGIC,0,Green);

since you sell at the bid price.

Regards,
Mark

echnaton · #3 (**permalink**) 02-25-2007, 12:05 PM

Hello Mark,

thank you very much for helping with your tips.

Since I have think that a Buy Order must be made with the Aks Price, but now because you say that I can use the Bid price to for OrderSend() function, I will test it, thank you for the tip.

Regadrs
Echi