Set price to buy

• 11/25/2019 at 12:33 AM #113524
  AE

  Hi folks!

  I would like to know if there is any way to set a price to buy using the last positionprice of my last operation.

  Example:

  Step 1. Strategy condition is met and buy DAX at 13.200. Set TP at 13.230

  Step 2. DAX move up to 13.230 so it closed the position

  Step 3. Create a new order limit to buy at last positionprice (13.200)

  Thanks

  

  AE

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  12/05/2019 at 7:40 PM #114285
  GraHal

  Yes use TRADEPRICE(1)

  https://www.prorealcode.com/documentation/tradeprice/

  However, reading the link above confused me a bit … to use your example …

  IS

  TRADEPRICE(1) =  13.230 (exit order)

  AND

  TRADEPRICE(2) =  13.200 (entry order)

  I’m sure some helpful member will spot this post and clarify for us?

  

  GraHal

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  12/05/2019 at 8:21 PM #114286
  Vonasi

  Yes TRADEPRICE is the last order price (or last Nth order price) so if the last order was an exit that is what TRADEPRICE will be so this does not work for position price.

  You need to record POSITIONPRICE at the close of each bar.

  if onmarket then lastprice = positionprice endif

  1 2 3

  if onmarket then lastprice = positionprice endif

  Then you can buy at that price using a pending order.

  2 users thanked author for this post.

  AE, GraHal

  

  Vonasi

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