Entry methods : at market, stop and limit

• 03/03/2018 at 11:22 PM #64331
  Jan

  If you want to open a position, there appears to be (at least) two entry commands possible at the end of the line, see example below:

  if Condition A  then

  Buy  1 share  “at market”   (most commonly used, which execute the buy order always, usually at the price of opening of the first following bar, after spread)

  Buy 1 share at Low  “stop”

  My question is what exactly the latest command does ?

  Thanks in advance for the information !

   

   

   

  

  Jan

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  03/03/2018 at 11:32 PM #64332
  Jan

  I found the answer of Nicolas, question is answered !

  But what happens if the Stop order is not hit, will it “stay forever ”  or will it be cancelled by the end of the day ? Or what is the code to remove the stop order ?

   

  Answer Nicolas, topic : what is the difference between limit and stop orders

  They are pending orders (conditional ones).

  You need to place STOP orders when you want to :

  ■ Buy higher than the current price

  ■ Sell lower than the current price

  and LIMIT orders when:

  ■ Buy lower than the current price

  ■ Sell higher than the current price

  

  Jan

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  03/04/2018 at 8:35 AM #64338
  JC_Bywan

  Your first post was moved yesterday to the appropriate ProOrder forum https://www.prorealcode.com/topic/entry-methods-at-market-stop-and-limit/ and received a first answer there, please stop posting it again in the wrong forum as it gives us unnecessary extra moderation work. At the top of the platform support forum page https://www.prorealcode.com/forum/prorealtime-english-forum/prorealtime-support/ if you click on “learn more” below the welcome title, you’ll see the rules for posting in this forum or choosing another PRC forum.

  When your post is moved to the right place and you don’t see it where you left it, you can find your original post (and continue posting in the first as I’ll lock this second one later in the day) through several ways:

  – either other forums pages lists of topics https://www.prorealcode.com/forums/

  – or from your profile page clicking on “forum topics” https://www.prorealcode.com/user/janwd/

  – or the page of most recent forums posts from all forums over the last 3 days https://www.prorealcode.com/view/new-posts-last-three-days/

  

  JC_Bywan

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