Placing Orders Possible?

• 01/09/2024 at 10:02 PM #226178
  justadude

  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

  

  justadude

  Participant

  Topics: 5

  Replies: 4

  Been thanked: 0 times
  01/10/2024 at 12:11 AM #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.

  justadude

  

  JS

  Participant

  Topics: 26

  Replies: 1716

  Been thanked: 778 times
• Author
  Posts