Trigger A Trade on Proxy

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  • #115416 quote
    vishalshah63
    Participant
    New

    Hi There, I want to do the following as an example:

    Buy FTSE (Mar-20) when FTSE Cash is 7000 and Close the contract (FTSE Mar 20) when FTSE Cash is 7200. How Can I do that please?

    #115417 quote
    robertogozzi
    Moderator
    Master

    Please use the correct support forum. I moved it to the ProOrder support as it is related to a strategy.

    Try this if you want to enter at market:

    IF close >= 7000 THEN
       BUY AT AMRKET
    ENDIF
    IF close >= 7200 THEN
       SELL AT MARKET
    ENDIF

    or this one to use pending orders (they only last one bar and must be placed again, if needed):

    BUY 1 CONTRACT AT 7000 STOP //or LIMIT if current price is higher

    and, once you are OnMarket, you can exit with:

    SELL AT 7200 LIMIT
    #115420 quote
    vishalshah63
    Participant
    New

    Thank you…Will try as I am Buying FTSE (Mar-20) when FTSE Cash is 7000. Thank you.

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Trigger A Trade on Proxy


ProOrder: Automated Strategies & Backtesting

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This topic contains 2 replies,
has 2 voices, and was last updated by vishalshah63
6 years, 2 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 12/23/2019
Status: Active
Attachments: No files
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