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Buy

440 bytes added, 17:08, 19 February 2012
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The entry 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 entry point. Labels, displaying the entry name and the number of contracts or shares traded, are displayed below the Buy Arrow.
<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>
When a Buy order is filled, any open short positions will also be closed.
==== Usage ====<syntaxhighlight>Buy[("EntryLabel")][TradeSize]EntryType;</syntaxhighlight>
Parameters inside the square brackets are optional - if these aren't defined, the default is used.
==== Parameters ==== :'''EntryLabel''' - an optional parameter; assigns a name that will be displayed in the name label below the entry, and can be used to identify the particular entry and to tie an exit to it.::An exit can only be tied to an entry within the same signal; for more information, see [[Sell]]. ::If '''EntryLabel''' is not specified, the name "Buy" will be used for the first entry, "Buy#2" for the second entry, "Buy#3" for the third entry, etc.
[[EntryLabel]] :'''TradeSize''' - an optional parameter; assigns a name that numerical expression, specifying the number of contracts or shares to buy; the expression must be followed by one of the following equivalent words: [[Share]], [[Shares]], [[Contract]] or [[Contracts]].::If '''TradeSize''' value equals 0 or is negative, a long position will not be displayed entered but any open short positions will be closed.::If '''TradeSize''' is not specified, the trade size value set by the user in the name label below Properties tab of the entry, and can Strategy Properties window will be used to identify the particular entry and to tie an exit to it.
An exit can only be tied to an entry within the same signal; for more information, see [[Sell.]]  If [[EntryLabel]] is not specified, the name "Buy" will be used for the first entry, "Buy#2" for the second entry, "Buy#3" for the third entry, etc.  [[TradeSize]] - an optional parameter; a numerical expression, specifying the number of contracts or shares to buy; the expression must be followed by one of the following transposable words: [[Share, Shares, Contract]] or [[Contracts.]] If [[TradeSize]] value equals 0 or is negative, a long position will not be entered but any open short positions will be closed. If [[TradeSize]] is not specified, the trade size value set by the user in the Properties tab of the Strategy Properties window will be used.  [['''EntryType]] ''' - a required parameter; specifies the timing and price of entry. See below for more information about the EntryType.
== Entry types ==
There are four kinds of EntryType:
=== Enter this bar on close ===<syntaxhighlight>This Bar[On]Close</syntaxhighlight>
Where: :'''On''' - is a [[On:Category:Skip_Words|skip word]] is a skip word and can be omitted.
A Buy Arrow will be placed at the current bar's [[Close]] tick.
=== Enter next bar at open ===<syntaxhighlight>Next Bar[At]Open </syntaxhighlight>or <syntaxhighlight>Next Bar[At]Market</syntaxhighlight>
Where: - words [[:Words '''"Market"]] ''' and [['''"Open"]] ''' are transposable interchangeable.:'''At''' - is a [[At:Category:Skip_Words|skip word]] is a skip word and can be omitted.
A Buy Arrow will be placed at the next bar's [[Open]] tick.
=== Enter next bar at limit ===<syntaxhighlight>Next Bar[At]Price Limit</syntaxhighlight>
Where: :'''Price''' - [[Price]] is a numerical expression, specifying the Limit Price. :'''At''' - a [[At:Category:Skip_Words|skip word]] is a skip word and can be omitted.
A Buy 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.
=== Enter next bar at stop ===<syntaxhighlight>Next Bar[At]Price Stop</syntaxhighlight>
Where: :'''Price''' - [[Price]] is a numerical expression, specifying the Stop Price. :'''At''' - a [[At:Category:Skip_Words|skip word]] is a skip word and can be omitted.
A Buy 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.
==== Example ==Examples ==
Buy a user-set number of shares at Market price on close of this bar:
<syntaxhighlight>Buy 10 Contracts Next Bar 50 Stop;</syntaxhighlight>
 
[[Category:Strategy Orders]]
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