Difference between revisions of "Stop Limit"
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− | Used in signal entry or exit statements to specify a level of | + | Used in signal entry or exit statements to specify a level of [[Stop]] and a [[Limit]] price for an entry or an exit. |
==Usage== | ==Usage== |
Latest revision as of 13:41, 4 April 2017
Used in signal entry or exit statements to specify a level of Stop and a Limit price for an entry or an exit.
Usage
at Price1 stop Price2 limit
Where:
- Price1 - a numerical expression, specifying the Stop Price
- Price2 – a numerical expression, specifying Limit price level
- at - a skip word and can be omitted
Example
Buy within the next bar on the first tick with a price of 105 or less if the stop price reaches 100:
Buy next bar at 100 stop 105 limit;
Sell short within the next bar on the first tick with a price of 45 or more if the stop price reaches 50:
SellShort Next Bar 50 stop 45 limit;