Is it possible to have Buy and Sell position at the same time?

• 04/06/2018 at 11:43 AM #67424
  Andre Vorster

  Hello

  I don’t know if this is possible. I went through PRT options and dont see anything.

  I’m looking for a way to set a buy and sell position at the same time. But if the buy position is triggered it must automatically cancel the sell position and visa-versa.
  As if the buy and sell are linked orders.
  Both buy and sell have TP and SL values set.

  No more positions should be opened after the SL or TP is triggered.

  I want to use this option at specific times such as when LSE or NYSE opens.

   

  Thank you.
  Andre.

  

  Andre Vorster

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  04/06/2018 at 11:59 AM #67425
  Despair

  If you want to have both orders as pending stop/limit orders like an OCO order, I think this is not really possible. In that case the best you can do is that the second order disappears at the open of the next bar after the one order was triggered.

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  Andre Vorster

  

  Despair

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  04/06/2018 at 11:59 AM #67426
  robertogozzi

  It’s called OCO (Order Cancels Order), I don’t think ProOrder supports this, Iìve never seen documentation/examples about this topic.

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  Andre Vorster

  

  robertogozzi

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  04/06/2018 at 5:03 PM #67464
  irioton

  Hi, does it mean that if two systems take an order in opposite direction (for exemple 1 long in a bigger timeframe and one small in a smaller timeframe) they cancel each other ?

  

  irioton

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  04/06/2018 at 5:21 PM #67466
  Despair

  No, two different systems can hold opposite positions simultaneously.

  

  Despair

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  04/06/2018 at 5:31 PM #67469
  irioton

  ok thank you

  

  irioton

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