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
JSParticipant
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