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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. | 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 == | |||
<syntaxhighlight>At Price Stop</syntaxhighlight> | <syntaxhighlight>At Price Stop</syntaxhighlight> | ||
Where: | 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: | |||
<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]] |
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;