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Need help with a stop loss based off a moving average value
Updated March 28, 2022
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Need help with a stop loss based off a moving average value
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#21 (permalink
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,263 since Feb 2017
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kevinkdog
I believe if you try to send both, only one will be "active" at any one time.
market order when the price is hit, so my brain is telling me the best way is the way you showed.
~vmodusEnjoy everything!
Can you help answer these questions
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#22 (permalink
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vmodus
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.
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#23 (permalink
Legendary Systematic Algo Trader
Somewhere, Delaware, USA
Experience: Intermediate
Platform: MultiCharts
Broker: Barchart.com
Trading: Everything, it all tastes like chicken
Posts: 1,263 since Feb 2017
Thanks: 2,958 given,
2,843
received
kevinkdog
I don't think order matters, at least I have never seen that to be.
MultiCharts ) looks like:
Code
Vars:
LongStopPrice(0) , // your stop price
LongLimitPrice(0) ; // your limit price
Buy next bar at LongStopPrice stop LongLimitPrice limit ;
~vmodusEnjoy everything!
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Last Updated on March 28, 2022
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