BuyToCover: Difference between revisions
From MultiCharts
→Types of exits
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There are four types of Exit: | There are four types of Exit: | ||
=== Exit this bar on close === | |||
<syntaxhighlight>This Bar On Close</syntaxhighlight> | <syntaxhighlight>This Bar On Close</syntaxhighlight> | ||
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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 the open of the next bar === | |||
<syntaxhighlight>Next Bar At Open</syntaxhighlight> | <syntaxhighlight>Next Bar At Open</syntaxhighlight> | ||
<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 with a limit order === | |||
<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. | ||
<syntaxhighlight>Next Bar At Price | === Exit with at stop-loss === | ||
<syntaxhighlight>Next Bar At Price Stop</syntaxhighlight> | |||
Where: | Where: | ||
:'''Price''' - a numerical expression, specifying the Stop Price. | :'''Price''' - a numerical expression, specifying the Stop Price. | ||
:'''At''' - a [[:Category:Skip_Words|skip word]]] and can be omitted. | :'''At''' - a [[:Category:Skip_Words|skip word]]] and can be omitted. | ||
A Cover Arrow will be placed on the next bar at the first tick with a price value equal to or greater than the [[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 equal to or greater than the [[Price]] ; if there are no such ticks within the next bar, the order will be cancelled. | ||
== Examples == | == Examples == | ||
Completely exit all open short entries at Market price on close of this bar and label the exit "Complete Exit": | Completely exit all open short entries at Market price on close of this bar and label the exit "Complete Exit": |