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Placing Orders Possible?

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ProOrder: Automated Strategies & Backtesting
Placing Orders Possible?

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01/09/2024 at 10:02 PM #226178 quote

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

01/10/2024 at 12:11 AM #226179 quote

JS
Participant

Master

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, 8 months ago.

Topic Details

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

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Placing Orders Possible?

Stuck on this ProBuilder code?

Placing Orders Possible? ProOrder: Automated Strategies & Backtesting

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Placing Orders Possible?

ProOrder: Automated Strategies & Backtesting