Difference between revisions of "Stop"

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(Created page with "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 highe...")
 
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==== Example ====
 
==== Example ====
<syntaxhighlight>Sell within the next bar on the first tick with a price of 100 or less:  
+
Sell within the next bar on the first tick with a price of 100 or less:  
  
Sell Next Bar 100 Stop;  
+
<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]]

Revision as of 12:38, 27 January 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 Limit 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;