Placing Orders Possible?

Forums ProRealTime English forum ProOrder support Placing Orders Possible?

  • This topic has 1 reply, 2 voices, and was last updated 10 months ago by avatarJS.
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  • #226178

    Hi Everyone,

    Is it possible to place an order to buy x amount of points below where the current market price is, once a signal is triggered?

    Simple example, say RSI is crossing above 30, can I place a buy order 2 points below the current market price automatically?

    Thanks!
    C

    #226179
    JS

    Hi Dude,

    You can use a Limit order for this…

    Limit orders are “pending” orders that have a validity of 1 bar.

    (suppose you use a time frame of 15 minutes then this order is valid for 15 minutes)

    xRSI=RSI[14](Close)

    If xRSI Crosses Over 30 then

    Buy 1 contract at (Close-2) Limit

    EndIf

     

    1 user thanked author for this post.
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