In the settings of Chart Trading, there is a "Stop Limit Offset" in ticks. What is its purpose ? How does it affect manual trading ?
Thanks.
Purpose of Stop Limit Offset
- Henry MultiСharts
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Re: Purpose of Stop Limit Offset
Hello Fabrice,
When you place a Stop Limit Order from the chart (using place order feature of chart trading panel) the limit price will be calculated based on your "Stop Limit Offset" value. Limit price can be adjusted in the Place Order pop-up window.
When you place a Stop Limit Order from the chart (using place order feature of chart trading panel) the limit price will be calculated based on your "Stop Limit Offset" value. Limit price can be adjusted in the Place Order pop-up window.
Re: Purpose of Stop Limit Offset
Hello Henry,
I'm still unclear about how to use Stop Limit Offset. How is this Stop Limit Offset value used to calculate the limit price. Would you please give an example. Thanks.
I'm still unclear about how to use Stop Limit Offset. How is this Stop Limit Offset value used to calculate the limit price. Would you please give an example. Thanks.
- Henry MultiСharts
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Re: Purpose of Stop Limit Offset
Hello Corinne,Hello Henry,
I'm still unclear about how to use Stop Limit Offset. How is this Stop Limit Offset value used to calculate the limit price. Would you please give an example. Thanks.
Limit price is calculated in ticks, i.e 1 tick = price scale * min movement (settings from QuoteManager->Edit symbol->Settings tab).
Let's take E-Mini S&P for example.
If Stop Limit Offset is set to 10 ticks then when you place a stop limit order from the chart (using place order feature of chart trading panel) the automatic difference between the stop and limit price will be set as the following:
10*(price scale * min movement)=10*(1/100*25)=2.5
If the Stop price is 1487.75 then limit price will be 1490.25
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- Henry MultiСharts
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Re: Stop Limit Offset Autotrading
Hello Stefan,Hi,
Are there a similar function in autotrading or do you
have to do that in the code?
If so do you have an example.
Thanks!
Best regards
Stefan
You need to program a stop limit order in your code. Here is how to do that.