BUY STOP SELL STOP - MultiCharts | futures io social day trading
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  #1 (permalink)
Trading Apprentice
Trading Experience: None
Platform: MC
Favorite Futures: GOLD
Posts: 3 since Jul 2011
Thanks: 0 given, 0 received


Hi All ,

The below code buys sells at market .Can it be changed to a buy stop (one cent higher) sell stop (one cent lower) and does anyone know how one would go about entering it in ???


[IntrabarOrderGeneration = True]
INPUTS: RSILen(21),PcntRLen(12),RSIBuy(42),PctRBuy(20),RSISell(59),PcntRSell(89);
//Poss 14


PcntR1 = PercentR(PcntRLen);

If RSI1 < RSIBuy and PcntR1 < PctRBuy
Buy this bar;

If RSI1 > RSISell and PcntR1 > PcntRSell
Sell this Bar;

//Print(DAte,Time,RSI1 ,RSI1 > RSISell ,PcntR1 ,PcntR1 > PcntRSell) ;

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  #2 (permalink)
Hamburg Germany
Trading Experience: Advanced
Platform: Multicharts, Tradestation
Broker/Data: DTN IQ
Favorite Futures: ES
Posts: 1,884 since Apr 2013
Thanks: 310 given, 1,167 received


you would do it like this for example:
//Sell within the next bar on the first tick with a price of 100 or less: 

Sell Next Bar 100 Stop;
Stop orders can only be executed on the next bar, but as your code seems to use intrabar order generation "next bar" would equal "next tick".


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