Need help with a stop loss based off a moving average value - futures io
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Need help with a stop loss based off a moving average value


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Need help with a stop loss based off a moving average value

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  #21 (permalink)
 vmodus 
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kevinkdog View Post
I believe if you try to send both, only one will be "active" at any one time.

Got it. Is the order of the two orders important (stop before limit)? I know the limit becomes a market order when the price is hit, so my brain is telling me the best way is the way you showed.

~vmodus

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 kevinkdog   is a Vendor
 
 
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vmodus View Post
Got it. Is the order of the two orders important (stop before limit)? I know the limit becomes a market order when the price is hit, so my brain is telling me the best way is the way you showed.

I don't think order matters, at least I have never seen that to be.

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  #23 (permalink)
 vmodus 
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
 
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kevinkdog View Post
I don't think order matters, at least I have never seen that to be.

Cool, thanks!

For those who may stumble on this thread in the future, here is what the PowerLanguage (MultiCharts) looks like:

 
Code
Vars:
   LongStopPrice(0) ,   // your stop price
   LongLimitPrice(0) ;   // your limit price

Buy next bar at LongStopPrice stop LongLimitPrice limit ;

~vmodus

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