Limit and Stop Orders

Questions about MultiCharts and user contributed studies.
sylfvdk
Posts: 54
Joined: 06 Dec 2005

Postby sylfvdk » 12 Feb 2008

Hi, I would suggest, that you can place your order on previous bar (probably last bat on the session)

Sell ("Your signal") at f(DailyOpen) STOP.

If you can figure out on the last bar of the Session you stop price, I see no problem to set stop signal.

Thanks
Victor

James Daley
Posts: 3
Joined: 25 Aug 2007

Postby James Daley » 12 Feb 2008

Thanks for the tip, Victor :D Using the daily bar would evaluate the entires day range and hit my limit. I'm worried that just using the daily bar wouldn't account for all of the intraday action that you would get from a minute or tick chart. Does it work like that?


James

sylfvdk
Posts: 54
Joined: 06 Dec 2005

Postby sylfvdk » 12 Feb 2008

I was not trying to say you have to use Daily bar. Not at all. You can use intraday bars and if you want to have stop signal working on Daily open bar - you have to set this stop order on previous bar - last bar of previous session....


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