Buy and Limit orders with relation to a price at a specific hour
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Dear All,
How to set up a buy limit above the previous candle high plus 1 ?
BUY 1 CONTRACT AT HIGH[1]+1 LIMIT
SET TARGET PPROFIT 150
SET STOP ploss 80
ENDIFThis code buy at the open instead of the previosu candle high +1
Could you please advise what shoul be written ? to activate it ?
Thanks
Without the code you used I cannot exactly tell, but you are likely not to have checked whether the order has to be a STOP or LIMIT order:
IF close > HIGH[1]+1 THEN BUY 1 CONTRACT AT HIGH[1]+1 LIMIT ELSIF close < HIGH[1]+1 THEN BUY 1 CONTRACT AT HIGH[1]+1 STOP ENDIFYou cannot use STOP or LIMIT at your own discretion, but based on the position of the current price. i.e. CLOSE, compared to the entry point (see attached dpic).
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Topic Details
| Forum: | ProOrder: Automated Strategies & Backtesting |
| Language: | English |
| Started: | 09/14/2020 |
| Status: | Active |
| Attachments: | 2 files |
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