Repair Continuous for exit existing leg(s) and re-enter as well?

Keyword help
#1

Experts,

Writing a simple VIX based Iron Condor.

Now want to exit one spread (lets say CE short and CE long hedge) based on certain condition. And then re-take the CE side spread (CE short with CE long hedge initiated with different strike than the first one).

This should continue whole day.

So where should I put this “exit the initial” and “re-take the trade”? In two separate Repair Continuous or in one Repair Continuous block?

If we put in two different Repair Continuous - is the order of execution is guranteed that S1R1 (exit) followed by S1R2 (Re-entry) occurs?

Please suggest the idea. (Not fully understood yet the semantic of the order of execution in Tradetron).

Best Regards,
Suvra

#2

It can not be in one repair continuous block and has to be 2 separate RC. Use a runtime variable in the 1st RC and use that variable in the 2nd RC. For example, use a variable such as exit_success and set the value to 1. Use get runtime in the 2nd RC to fetch value of exist_success. If exit_success == 1, then the 2nd RC should be triggered. Make sure to reset value of exit_success to 0 using runtime under 2nd RC. This is to make sure 1st one (exit) completed successfully before the 2nd RC gets triggered.

1 Like
#3

Thanks.
One more thing I am not sure. For margin safety, suppose in S1 I took leg-1 as hedge position (CE buy) and leg-2 as short position (CE sell).
Does it ensured that leg-2 will be executed only after completion of leg-1 only? Like sequential execution? Or it will be concurrent? Then gone case :blush:

Their “language” semantic is very unclear :frowning:

#4

Your guess is correct. It doesn’t work in sequential manner. It may not be a problem with TT, but can be because of time lag and back end broker. There is a possibility that back end broker might fail executing them in a sequential manner. So it is better for you to program it in a say that they are executed in a sequential manner (check success of CE buy before executing CE Sell). This is as per my experience of course.