Stop: Difference between revisions

Latest revision as of 16:54, 19 February 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 Stop

Where:

Price - a numerical expression, specifying the trigger stop 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;

@@ Line 1: / Line 1: @@
-Used in strategy entry or exit statements to specify a Stop price for an entry or an exit.
+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 ====
+== Usage ==
 <syntaxhighlight>At Price Stop</syntaxhighlight>
-Where: [[Price]] - a numerical expression, specifying the Limit Price
+Where:
-[[At]] - a skip word and can be omitted
+:'''Price''' - a numerical expression, specifying the trigger stop price.
+:'''At''' - a skip word and can be omitted
-==== Example ====
+== Example ==
-<syntaxhighlight>Sell within the next bar on the first tick with a price of 100 or less:
+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:
-BuyToCover Next Bar At 50 Stop;</syntaxhighlight>
+<syntaxhighlight>BuyToCover Next Bar At 50 Stop;</syntaxhighlight>
 [[Category:Strategy Orders]]