Simple question really.
Once I have a trade open – say manually…………………..is there a way to set the limit with a “candle close” over or across a specified line, level etc?………….as opposed to manually closing or setting a specified level when touched?
Many thanks
Mike
Hi bearbull, if you have access to V12 with your account/broker you can link an order (Limit, Stop, Market,…) to an alert at the bottom of the alert window, which you can set up to trigger on a price level, or a line, or an indicator, etc.
Would that suit your need?
Hi RafaelN
I am using V11 and i see what you mean re associate a trade with a set alarm but all the options only allow crossings over a set level, >= but no option regarding an actual candle close across/over a set level.
Thanks
So attached is not what you are after?
It has to be the price >= at the candle close / end of the current bar??
If Price had crossed over during the bar then at the end of the bar price would be > whatever level you choose (provided price doesn’t cross back under before end of the bar … is that the Issue?)?
I can’t get my head around exactly what you are needing? 🙂
You will need an Indicator that changes at each bar, I suggest barindex.
Are you able to code an Indicator to do this, well here you are try this …
C2 = barindex <> barindex[1]
Return C2
Now you can set an alert for 2 Conditions, C1 = Price > 10 and C2 and then set the Alert to close the trade.
Anybody feel free to jump in and suggest an alternative way to achieve what bearbull wants.
Above won’t work as C2 will always be True / 1 … my coffee hadn’t worked through!!! 🙂
Have you tried selecting Previous period for price on the Alert screen?
- So if price > 10 for previous period then that satisfies your condition??
If previous period ends with price <= 10 then 1. above would not be True and so your position would not be closed.
Thanks for inputs…………………..Ill have a play around and see what results i get.
thanks