Stop: Difference between revisions
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(Created page with "Used in strategy entry or exit statements to specify a Stop price for an entry or an exit. A Stop order will execute at the specified price or worse. A worse price is a highe...") |
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==== Example ==== | ==== Example ==== | ||
Sell within the next bar on the first tick with a price of 100 or less: | |||
Sell Next Bar 100 Stop; | <syntaxhighlight>Sell Next Bar 100 Stop;</syntaxhighlight> | ||
Cover within the next bar on the first tick with a price of 50 or more: | Cover within the next bar on the first tick with a price of 50 or more: | ||
BuyToCover Next Bar At 50 Stop;</syntaxhighlight> | <syntaxhighlight>BuyToCover Next Bar At 50 Stop;</syntaxhighlight> | ||
[[Category:Strategy Orders]] | [[Category:Strategy Orders]] | ||
Revision as of 12:38, 27 January 2012
Used in strategy entry or exit statements to specify a Stop price for an entry or an exit. A Stop order will execute at the specified price or worse. A worse price is a higher price for Buy and Buy to cover orders, and a lower price for Sell and Sell short orders.
Usage
At Price StopWhere: Price - a numerical expression, specifying the Limit Price
At - a skip word and can be omitted
Example
Sell within the next bar on the first tick with a price of 100 or less:
Sell Next Bar 100 Stop;
Cover within the next bar on the first tick with a price of 50 or more:
BuyToCover Next Bar At 50 Stop;