Stop Limit

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Used in signal entry or exit statements to specify a level of Stop and a Limit price for an entry or an exit.

Usage

at Price1 stop Price2 limit

Where:

Price1 - a numerical expression, specifying the Stop Price
Price2 – a numerical expression, specifying Limit price level
at - a skip word and can be omitted

Example

Buy within the next bar on the first tick with a price of 105 or less if the stop price reaches 100:

Buy next bar at 100 stop 105 limit;

Sell short within the next bar on the first tick with a price of 45 or more if the stop price reaches 50:

SellShort Next Bar 50 stop 45 limit;