Placing Orders Possible?

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    justadude
    Participant
    New

    Hi Everyone,

    Is it possible to place an order to buy x amount of points below where the current market price is, once a signal is triggered?

    Simple example, say RSI is crossing above 30, can I place a buy order 2 points below the current market price automatically?

    Thanks!
    C

    #226179 quote
    JS
    Participant
    Senior
    Hi Dude,

    You can use a Limit order for this…

    Limit orders are “pending” orders that have a validity of 1 bar.

    (suppose you use a time frame of 15 minutes then this order is valid for 15 minutes)

    xRSI=RSI[14](Close) If xRSI Crosses Over 30 then Buy 1 contract at (Close-2) Limit EndIf
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Placing Orders Possible?


ProOrder: Automated Strategies & Backtesting

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justadude @justadude Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by JS
2 years, 1 month ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 01/09/2024
Status: Active
Attachments: No files
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