which is a Priority, SET STOP PRICE and SELL AT x STOP

• 04/30/2023 at 1:16 PM #213888
  ZeroCafeine

  Hi every one,

  Let’s take the example where I am long in market, the buy price 20, and I create a stop loss at 15, If I create a sell order higher than my SL I have the impression that sometimes it doesn’t work, so the question is how to disable the first SL :

  IF Long then BUY 1 Share AT 20 Limit Set Stop Price 15 ENDIF IF C1 THEN Sell AT 18 Stop ENDIF // I tried something like this but it doesn't seem to work IF C1 THEN Sell AT 18 Stop Set Stop Price 0 // To disable it permanently ENDIF

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  IF Long then   BUY 1 Share AT 20 Limit   Set Stop Price 15 ENDIF   IF C1 THEN   Sell AT 18 Stop ENDIF   // I tried something like this but it doesn't seem to work IF C1 THEN   Sell AT 18 Stop   Set Stop Price 0 // To disable it permanently ENDIF

  Best Reguards,
  ZeroCafeine

  

  ZeroCafeine

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  04/30/2023 at 1:56 PM #213891
  GraHal

  The Sell at 18 Stop cancels the Set Stop Price 15.
  Reason:  Sell at 18 Stop is the more recent command / lower down the code.

  Try …

  If Close > 15 AND <= 18 Then Sell at Market Endif

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  If Close > 15 AND <= 18 Then Sell at Market Endif

  Above will not cancel Set Stop Price 15 because above is an Order: at Market.

   

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  GraHal

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  04/30/2023 at 2:51 PM #213896
  robertogozzi

  Maybe a cause could be that 18 is too close to 20, so the pending order may be turned into an AT-MARKET order if the required distance is greater.

  You should check with the broker if, for that instrument or asset, that distance is ok.

  You might then use IF…ENDIF to check whether you need to execute something or something else.

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  04/30/2023 at 7:04 PM #213911
  ZeroCafeine

  Ok ok,tks you, this number it’s just for exemple, I’m doing some backtest for learning how to program,

   

  @Grahal I agree with you, because I got this problem before, even the selling order is at 18, but because I have also a sell stop at 15,

  The software will make me exit at 15 instead of 18, when of course 18 is more favorable for an exit on a long order

   

  @ Roberto I will try to find the exactly problem with a very small code and share it here, maybe after tomorrow

   

  Tks again 😊

  

  ZeroCafeine

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