setting SL when limit order is placed

• 07/24/2018 at 11:44 PM #76656
  Bullets

  Hi, I have some code which leaves my limit order there for 10 straight bars. But I noticed the limit order doesn’t have SL or target levels so Im afraid if the market crashes say and takes out my limit the SL is too slow to get entered? is there a way to place a limit order with an associated SL level at the same time? Also that will help with reducing margin requirements

  

  Bullets

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  07/25/2018 at 7:38 AM #76661
  Vonasi

  Just issue a SELL STOP or EXITSHORT STOP order at the same time as you issue the LIMIT order.

  //for long positions sell at (your calculated stop price) stop //for short positions exitshort at (your calculated stop price) stop

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  //for long positions sell at (your calculated stop price) stop   //for short positions exitshort at (your calculated stop price) stop

   

  

  Vonasi

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  07/25/2018 at 7:54 AM #76664
  Bullets

  Thanks I’ll try that.

  On another topic, is the multiple time frames working yet? I saw a recent video from prorealtime that said it is? and read the blog post.

  But when I put in the code: timeframe(daily),the code window has an error suggesting this is not correct coding and hence it isn’t working yet would be my conclusion?

  

  Bullets

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  07/25/2018 at 8:25 AM #76665
  Vonasi

  MTF is working but only on the demo platform for testing at the moment.

  You will need at least two TIMEFRAME’s in your code. One on a slower time frame than the default time frame that you run the code on. So for example:

  timeframe(daily) (your code) timeframe(default) (your code)

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  timeframe(daily) (your code)   timeframe(default) (your code)

  ….and then you can run that code on any time frame faster than daily. try to run it on daily, weekly or monthly and you will get an error. All time frames used must also be able to divide into each other so 15 minutes and 10 minutes together will not work.

  

  Vonasi

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