STOP/LIMIT Orders with SET STOP LOSS

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Viewing 15 posts - 1 through 15 (of 26 total)
  • #136693

    Hi guys!

    Quick question with regards of STOP/LIMIT orders, I can’t find the answer in the manual.

    Question: Is there a way to set the STOP LOSS already from the beginning when you add a STOP/LIMIT order to the market?
    Ex: BUY 10 CONTRACT AT 10000 STOP

    The reason for this is that I need to keep the margin cost low. By adding a STOP/LIMIT order without STOP LOSS the margin cost is too high. As soon as the order is executed I can set the STOP LOSS but since the order is valid the whole bar I have to cater for the higher margin cost without any stop loss entered.

    Thanks in advance,
    /Magnus

    #136694

    Yes, you can set it as usual.

    If the pending order is triggered, the last SET STOP LOSS will be the stop loss used for that trade and for ALL next trades until changed with another SET STOP LOSS.

    #136700

    Thanks for your quick reply robertogozzi!

     

    So you mean that if I add the code:

    SET STOP pLOSS 100

    immediately after my STOP/LIMIT order the PRT will take the stop loss in consideration even before the order has been executed?

    The problem when you don’t see the system livetrading, hard to see if it’s working as you say if it only adds the stop loss after. As I mentioned I need to lower my main cost for the pending orders.

    #136708

    Yes, it is recorded and will be used when needed.

     

    #167977

    Hi, I wanna write a code which allow to set a limit order if the condiction are solved. If i don´t write [n] on close and open the limit order doesn´t been execute, if i use For … To .. work only if n < of the period of condition on chart.

    so work, but only why the condition appear afer 4 bars.

    How can I do it?

    Thanks

    #167979

    Both examples do the same thing.

    The FOR…NEXT loop is useless.

    What is exactly the condition you want to test?

     

    #167980

    LIMIT orders are to be used when your entry price is better than the current one. Use STOP orders if not.

     

    #167982

    I wanna place an buy limit order, always  after an expansive bar >= 15 , and this order don´t have to disappear on the next bar, but it must be setted for the next 4 bars.

    Thank you

    #167993

    This will account for Limit, Stop and Market orders and distance from current price (set distance=0 to disable it):

     

    #168000

    I try to explain it Better

    Why if the condition is reached after 4 Bars doesn´t place the order to “for n = 1 to 5” ? I´ve tryed to use Break and While but it doesn´t work.

    Thank you

    #168006

    The loop is useless. C1 will ALWAYS retain the condition of the last iteration.

    They are equivalent to:

     

    #168009

    I tried both example

    1
    2
    c1 = abs(close[4]open[4])  //first example Work
    c1 = abs(close[5]open[5])  //second example Don´t Work

    I need that if i Write [5]  it work also if i after 4 bars the price reached the level of the 50% retraechment of the Expansive Candle.

    Now it work only if i write [4] while in my case the price reached the level of the 50% retraechment of the Expansive Candle after 4 bars.

    Or i must do this?

     

    Thank you

    #168012

    This is an indicator that draw a point where i want to place a limit order… I will make the same with the limit order trigger.

    Thank you

    #168054

    If you want to place a pernding order you have to check whether it’s a LIMIT or STOP order, as I told you.

    Moreover, entry prices change each new bar.

     

    #168077

    This indicator (to be added ON the price chart) will show you how many entrues there will be rach bar:

    This is the strategy modified to reduce the number of IF’s and to support the distance requirements (if DISTANCE <> 0):

     

Viewing 15 posts - 1 through 15 (of 26 total)

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