BuyToCover: Difference between revisions
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→Types of exits
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The exit point is visually indicated on a chart by an Arrow and a Tick. The Arrow identifies the time and the Tick identifies the price value of the exit point. Labels, displaying the exit name and the number of contracts or shares traded, are displayed below the Cover Arrow. | The exit point is visually indicated on a chart by an Arrow and a Tick. The Arrow identifies the time and the Tick identifies the price value of the exit point. Labels, displaying the exit name and the number of contracts or shares traded, are displayed below the Cover Arrow. | ||
An order is executed at the point specified by the parameters; if the order is not filled within the specified bar, the order is cancelled. | <div style="background-color: #FFE4E1;margin-bottom:10px;">An order is executed at the point specified by the parameters; if the order is not filled '''within''' the specified bar, the order is '''cancelled'''.</div> | ||
== Usage == | == Usage == | ||
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A Cover Arrow will be placed at the current bar's [[Close]] tick. | A Cover Arrow will be placed at the current bar's [[Close]] tick. | ||
=== Exit at | === Exit next bar at open === | ||
<syntaxhighlight>Next Bar At Open</syntaxhighlight> | <syntaxhighlight>Next Bar At Open</syntaxhighlight> | ||
or | |||
<syntaxhighlight>Next Bar At Market</syntaxhighlight> | <syntaxhighlight>Next Bar At Market</syntaxhighlight> | ||
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A Cover Arrow will be placed at the next bar's [[Open]] tick. | A Cover Arrow will be placed at the next bar's [[Open]] tick. | ||
=== Exit | === Exit next bar at limit === | ||
<syntaxhighlight>Next Bar At Price Limit</syntaxhighlight> | <syntaxhighlight>Next Bar At Price Limit</syntaxhighlight> | ||
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A Cover Arrow will be placed on the next bar at the first tick with a price value less than or equal to [[Price]] ; if there are no such ticks within the next bar, the order will be cancelled. | A Cover Arrow will be placed on the next bar at the first tick with a price value less than or equal to [[Price]] ; if there are no such ticks within the next bar, the order will be cancelled. | ||
=== Exit | === Exit next bar at stop === | ||
<syntaxhighlight>Next Bar At Price Stop</syntaxhighlight> | <syntaxhighlight>Next Bar At Price Stop</syntaxhighlight> | ||
Where: | Where: |