Limit and stop orders

fwsim · 2016-12-19T12:57:53+00:00

Hi, I would like to programme the following, perhaps someone has done it already. I would like to buy one contract if price is greater than the bar open. But I want probuilder to place a buy stop order and a stop order at the same time. I do not want to buy at market, I want to buy at a level higher than where the market is trading, hence a buy stop. Can anyone help me with the code for that? Thanks in advance

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12/19/2016 at 1:57 PM #18785 quote

fwsim
Participant

New

Hi, I would like to programme the following, perhaps someone has done it already. I would like to buy one contract if price is greater than the bar open. But I want probuilder to place a buy stop order and a stop order at the same time. I do not want to buy at market, I want to buy at a level higher than where the market is trading, hence a buy stop. Can anyone help me with the code for that? Thanks in advance

12/19/2016 at 3:01 PM #18792 quote
Nicolas
Keymaster

Legend
Topic moved to ProOrder support (automated trading related).

About your request, let’s say you want to buy at Close plus 5 points above this level, only if the current bar has closed above the open:
```
defparam cumulateorders=false

if close>open then 
 BUY 1 SHARE AT close+5*pointsize
endif
```
This code will be read and executed once at bar close, the stop order will remain only 1 bar. The condition will be tested again at next bar Close. Hope it helps, let us know.
12/20/2016 at 10:18 AM #18838 quote

fwsim
Participant

New

Thanks for the reply. Is there anyone you can recommend who can programme an entire trading system for me? I sent a request via the website and am awaiting a reply.

12/20/2016 at 10:51 AM #18839 quote

Nicolas
Keymaster

Legend

I’ll reply asap Fergus, thanks for your patience 🙂
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