Limit
Revision as of 13:34, 24 January 2012 by 194.84.116.138 (talk) (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...")
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;