Further tests have shown that only the ‘SellShort 1 Contract at Market’ in the If – Else loop was called so the Limit and Stop order are redundant. Therefore, your code and my modification of your code (uses MARKET ORDER) doesn’t address my original question and issue because I want to automate my manual process where I go to IG and set a LIMIT ORDER to short at $23 and take profit at $22. Any other idea ie use a while-loop or thought on this?
Original script:
DEFPARAM CumulateOrders = True
x1 = 50
// Enter short positions
IF CLOSE >= 21.50 AND CLOSE <= 23.00 THEN
SELLSHORT x1 CONTRACTS AT 21.50 LIMIT
SELLSHORT x1 CONTRACTS AT 21.75 LIMIT
SELLSHORT x1 CONTRACTS AT 22.00 LIMIT
SELLSHORT x1 CONTRACTS AT 22.25 LIMIT
SELLSHORT x1 CONTRACTS AT 22.50 LIMIT
SELLSHORT x1 CONTRACTS AT 22.75 LIMIT
SELLSHORT x1 CONTRACTS AT 23.00 LIMIT
SET TARGET PROFIT 1 // 1 = $1
SET STOP pTRAILING 10 // Use this one
ENDIF
New Script:
DEFPARAM CumulateOrders = True
distance = 10*PipSize
distancePlus = Close + distance
distanceMinus = Close – distance
x1 = 100
If Close => 21 AND Close <= 23 Then //
If distancePlus <= 21 Then
SellShort x1 Contracts At 21 Limit // Don’t need this
Elsif distanceMinus >= 21 Then
SellShort x1 Contracts At 21 Stop // Don’t need this
Else
SellShort x1 Contracts At Market // This is called 100% of the time
Endif
// Set Target %Profit 5 // 5% = $1 based on $20 price
Set Target Profit 1 // 1 = $1
//Set Stop %Loss 5
//Set Stop %Trailing 5
//Set Stop pTrailing 2
Endif
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