Difference between revisions of "Limit"
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(Created page with "Used in strategy entry or exit statements to specify a Limit price for an entry or an exit. A Limit order will execute at the specified price or better. A better price is a l...") |
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Used in strategy entry or exit statements to specify a Limit price for an entry or an exit. | Used in strategy entry or exit statements to specify a Limit price for an entry or an exit. | ||
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A Limit order will execute at the specified price or better. A better price is a lower price for Buy and Buy to cover orders, and a higher price for Sell and Sell short orders. | A Limit order will execute at the specified price or better. A better price is a lower price for Buy and Buy to cover orders, and a higher price for Sell and Sell short orders. | ||
| − | + | == Usage == | |
<syntaxhighlight>At Price Limit</syntaxhighlight> | <syntaxhighlight>At Price Limit</syntaxhighlight> | ||
| − | Where: | + | Where: |
| − | + | ||
| − | + | :'''Price''' - a numerical expression, specifying the Limit Price. | |
| + | :'''At''' - a [[:Category:Skip Words|skip word]] and can be omitted. | ||
| − | + | == Example == | |
Buy within the next bar on the first tick with a price of 100 or less: | Buy within the next bar on the first tick with a price of 100 or less: | ||
Latest revision as of 15:59, 19 February 2012
Used in strategy entry or exit statements to specify a Limit price for an entry or an exit.
A Limit order will execute at the specified price or better. A better price is a lower price for Buy and Buy to cover orders, and a higher price for Sell and Sell short orders.
Usage
At Price Limit
Where:
- Price - a numerical expression, specifying the Limit Price.
- At - a skip word and can be omitted.
Example
Buy within the next bar on the first tick with a price of 100 or less:
Buy Next Bar At 100 Limit;
Sell short within the next bar on the first tick with a price of 50 or more:
SellShort Next Bar 50 Limit;
