Set Up in different directions

• 10/18/2022 at 4:50 AM #202748
  SM656514

  I try to have two set ups in different directions, one Long and one Short. The real trading systems says cannot have conflicting directions. My example is as follows:

  DEFPARAM CumulateOrders = False

  Buy 1 contract at close – 50 Limit

  SellShort 1 contract at close + 50 stop

  Any advise?

  Thank you.

  Tham

   

  

  SM656514

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  10/18/2022 at 7:07 AM #202750
  robertogozzi

  You can’t open opposite positions, but you CAN place opposite pending orders.

  If both are triggered, the second one will automatically close the first one.

  In any case, your second pending order is a LIMIT order (not a STOP one, as you are trying to go short at a more favourable price).

   

  

  robertogozzi

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  10/18/2022 at 1:42 PM #202779
  SM656514

  Thank you, Roberto,

  I make mistakes in the two instructions. I am trying to have setups so that I Long when the price break above a certain level and SHORT when the price break down a certain level. They should be :

  BUY 1 CONTRACT at close + 50 STOP

  SELLSHORT 1 CONTRACT at close – 50 STOP.

  To do so is because I do not know which direction the price will go.

  The trades go through in DEMO. But, the real one reject , no one was triggered, reason being cannot have opposite direction because of risk.

  Your advise please.

  Thank you.

  Tham

   

  

  SM656514

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  10/18/2022 at 2:10 PM #202783
  JS

  The orders you use here are pending Stop orders.

  Pending orders must be re-placed at each new bar.

  

  JS

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  10/19/2022 at 5:46 AM #202811
  robertogozzi

  Furthermore, you may have limitations due to limited risk account. Check with the broker.

   

  

  robertogozzi

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