How to properly code a Limit order

October 18th, 2017, 07:31 AM

Hello

I want to back test an idea. After a bar setup validation, I want to place a limit order for an entry when price returned to the region. There is no limit in time so the Limit order to be always valid until either executed or cancelled

So how to properly code a limit order with an attached stop?
Mores than one entry could be allowed.

I did code a lot of indicators but I don't have much experience with Signals

Any help appreciated

Martin

ABCTG · October 18th, 2017, 09:02 AM

Martin,

in general Multicharts will keep an order alive as long as your conditions that send the order remain true.
So you can do something like this:

Code

if sendOrder then
 Buy ( "Long" ) next bar myEntryPrice limit ;

In this example sendOrder and myEntryPrice are variables that you'd create.

You can only issue protective stops after the fill, unless you are referring to stop limit orders for an entry.

Regards,

ABCTG

October 18th, 2017, 09:10 AM

ABCTG

Martin,

in general Multicharts will keep an order alive as long as your conditions that send the order remain true.
So you can do something like this:

Code

if sendOrder then
 Buy ( "Long" ) next bar myEntryPrice limit ;

In this example sendOrder and myEntryPrice are variables that you'd create.

You can only issue protective stops after the fill, unless you are referring to stop limit orders for an entry.

Regards,

ABCTG

Thanks Chris

How to properly code a Limit order

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How to properly code a Limit order