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IOGMode: generating and filling orders intra-bar instead of on bar close

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  • IOGMode: generating and filling orders intra-bar instead of on bar close

    IOGMode attribute: disable or enable a strategy’s intra-bar order generation

    Attributes in C# are, in a nutshell, code annotations that can be applied to certain types (Troelsen, 2012). In MultiCharts .NET attributes can be added to classes to change certain settings.

    One attribute is IOGMode, which enables intra-bar order generation (abbreviated to IOG) so that a strategy can react to price changes within a bar (MultiCharts, 2014). This means the following when IOG is enabled (MultiCharts, 2014; MultiCharts Wiki, 2015):
    • On real-time data the strategy’s CalcBar() method is executed on every tick, allowing the programming code in this method to react to each tick.
    • With historical data the CalcBar() method is executed at the open, high, low, and close of each bar. With the Bar Magnifier (discussed below) a more precise historical calculation is possible.

    When the IOGMode attribute isn’t added to a strategy, the default behaviour of executing CalcBar() only on bar close and submitting orders for the next bar applies (MultiCharts, 2014).

    Tip: Existing, pending orders that aren’t resubmitted when the strategy calculates again are cancelled (see MultiCharts, 2014). So with IOG, active orders need to be resubmitted on every tick as long as you want to keep them active. And with IOG disabled, they need to be resubmitted on every bar.

    Read more - IOGMode: generating and filling orders intra-bar instead of on bar close

  • #2
    So if i understand this correctly, you can program MC to keep entering orders on a particular bar and when that bar changes or even before it changes it can cease entering orders and then start to look for exit points on the following bar?

    Comment


    • #3
      Originally posted by CollinPalmer View Post
      So if i understand this correctly, you can program MC to keep entering orders on a particular bar and when that bar changes or even before it changes it can cease entering orders and then start to look for exit points on the following bar?
      Yes, the order could be generated inside bar, not only at close bar several times.

      Comment

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