How to create a custom alert
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- This topic has 7 replies, 3 voices, and was last updated 3 years ago by Eric.
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08/16/2021 at 1:51 PM #175470
When using PRT I can setup an alert, where if I am participating in a long position and if the price crosses under certain value, then the system can trigger a market order to sell the position. I am unable to create an alert with stop-order at a chosen price level. Has anyone attempted to create some kind of programmatic approach, where upon alert trigger a stop order is created?
08/16/2021 at 1:54 PM #17547108/16/2021 at 2:03 PM #175473I don’t think it will achieve what I am looking for. My current setup already has Force Open set to Disabled. The idea I would like to accomplish would be as follows:
I go into a trade for long at e.g. price 100, then if the price reaches 110, I would like the system to create a stop-order at 105, so that if the price goes back to 105 the position is closed with 5 points in profit.
Currently I am able to achieve a similar outcome, but only with slight disadvantage, e.g.
I go into a trade for long at e.g. price 100, then if the price crosses under 105, the system creates a market order and closes the position.
In a highly volatile market conditions this is not really wanted move, as the price can fluctuate 2-3 points at each tick. I am trading DAX Cash via CFD, where the market sometimes gets quite volatile.
08/16/2021 at 7:40 PM #17549008/18/2021 at 11:53 AM #17560108/18/2021 at 11:59 AM #175604Yes, manual trade. Unfortunately trailing stop would not do it, as I have seen it on many occasions where price moves up quickly, and then back down and back up, so in this instance it would knock out the Stop Loss. Please see the attached image as an example
08/18/2021 at 12:08 PM #17560608/18/2021 at 12:20 PM #175608 -
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