Limit buy order below the low of current bar at close

• 11/01/2022 at 5:41 PM #203367
  pointofbrew

  Hello all!

  Hope someone is able to help me on this.

  I’m trying to place a buy limit order at the low of current bar when the bar closes, and have the limit order deleted if it’s not filled within the close of the following bar. If limit order is deleted, then repeat the process as long as conditions to buy are met.

   

  

  pointofbrew

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  11/01/2022 at 6:10 PM #203370
  PeterSt

  Hi there,

  A Limit order (and Stop order) will delete themselves at the close of the bar where they initiated. So it is the other way around : you must repeat them (at the same level or an other level) if you want to sustain them.
  Does that answer your question ?

  Regards,
  Peter

  

  PeterSt

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  11/01/2022 at 6:33 PM #203374
  pointofbrew

  Thanks for your reply.

  I was not aware of that. Don’t know how I would write the code for this though. Would you be able to help?

  

  pointofbrew

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  11/01/2022 at 7:00 PM #203379
  PeterSt

  YourPrice = Close - 2 // Just an example ! If Not OnMarket then Buy LotSize Contract at YourPrice Limit // Repeat this each call of your code (hence at each bar). Endif

  1 2 3 4 5

  YourPrice = Close - 2   // Just an example !   If Not OnMarket then   Buy LotSize Contract at YourPrice Limit   // Repeat this each call of your code (hence at each bar). Endif

  Manually it could look like you see below (Koop = Buy).

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  pointofbrew

  

  PeterSt

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  11/01/2022 at 7:23 PM #203382
  pointofbrew

  Thanks a lot!

   

  How do I repeat it at each call?

  

  pointofbrew

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  11/01/2022 at 7:30 PM #203385
  PeterSt

  With the lines of code I showed – this goes automatically. Until Not OnMarket is not true any more. Then the position is there, for you to decide when to close it.
  So now you need to learn the PRT language a little (or more); you can search for YouTube tutorials. Like you see in the middle at the bottom (below).

  Have fun !

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  pointofbrew

  

  PeterSt

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