Hi,

My code has been working as expected; yesterday trading the Dow on 10min candle, my conditions triggered and the system opened a trade on the 3pm candle open. However, the price spiked. The opening price of the candle was say 29,000 but in 1 second it spiked 50 points and opened a position for me at 29,050. Consequently it fell, stopped me out and I lost money.

IG have said I should use LIMIT orders and at the minute I am using at market.

So how do I introduce this LIMIT order  into my code, to say, if the price is 5 points (as an example) away from the opening candle, do not open a trade. Same for the sell side.

Thanks

defparam cumulateorders=false

// --- settings
size = 1 //size of orders
maxDayOrder = 1 //max orders per day
startBreakeven = 11 //how much pips/points in gain to activate the breakeven function?
PointsToKeep = 6 //how much pips/points to keep in profit above of below our entry price when the breakeven is activated (beware of spread)
TakeProfit = 30 //takeprofit in points/pips
StopLoss = 45 //stoploss in points/pips
// --- end of settings

// Prevents the system from creating new orders to enter the market or increase position size before the specified time
noEntryBeforeTime = 090000
timeEnterBefore = time >= noEntryBeforeTime
// Prevents the system from placing new orders to enter the market or increase position size after the specified time
noEntryAfterTime = 160000
timeEnterAfter = time < noEntryAfterTime
// Prevents the system from placing new orders on specified days of the week
daysForbiddenEntry = OpenDayOfWeek = 6 OR OpenDayOfWeek = 0

//max orders each day
if intradaybarindex=0 or day<>day[1] then
orderscount=0
endif

allowtrading=orderscount<maxDayOrder and timeenterbefore and timeenterafter and not daysforbiddenentry
//indicators

ema5=average[5,1](close)
ema17=average[17,1](close)
ema62=average[62,1](close)
ignored, ignored, ignored, ignored, BuySignal, SellSignal, ignored = CALL "WA Explosion COMBO"[150, 30, 15, 15]
irsi=rsi[7](close)

//orders launch
buysig = ema5>ema17 and ema62<ema5 and BuySignal>=260 and irsi>=83
sellsig = ema5<ema17 and ema62>ema5 and SellSignal>=260 and irsi<=22
if allowtrading then
if buysig then
buy size contract at market
orderscount=orderscount+1
endif

if sellsig then
sellshort size contract at market
orderscount=orderscount+1
endif
endif

set target pprofit takeprofit
set stop ploss stoploss

// --- breakeven function
//reset the breakevenLevel when no trade are on market
IF NOT ONMARKET THEN
breakevenLevel=0
ENDIF

// --- BUY SIDE ---
//test if the price have moved favourably of "startBreakeven" points already
IF LONGONMARKET AND close-tradeprice(1)>=startBreakeven*pipsize THEN
//calculate the breakevenLevel
breakevenLevel = tradeprice(1)+PointsToKeep*pipsize
ENDIF

//place the new stop orders on market at breakevenLevel
IF breakevenLevel>0 THEN
SELL AT breakevenLevel STOP
ENDIF

// --- end of BUY SIDE ---
// --- SELL SIDE ---
//test if the price have moved favourably of "startBreakeven" points already
IF SHORTONMARKET AND tradeprice(1)-close>=startBreakeven*pipsize THEN
//calculate the breakevenLevel
breakevenLevel = tradeprice(1)-PointsToKeep*pipsize
ENDIF
//place the new stop orders on market at breakevenLevel
IF breakevenLevel>0 THEN
EXITSHORT AT breakevenLevel STOP
ENDIF
// --- end of SELL SIDE ---