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Date/Time: Thu, 23 Jan 2025 15:32:31 +0000



Backtesting Limit Order Offset

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[2018-11-19 15:12:14]
User489862 - Posts: 14
Hi,

I am currently using the Spreadsheet System for Trading study to help back test a strategy using market replay.

Trades are triggered when a bar closes with and the alert condition is true.

However, let's say for a buy signal is triggered because a green candle closes with the alert condition, the buy limit order is placed +1 above the green candle. Vice versa for a sell signal, the sell limit order is placed -1 below a red candle for a sell trade.

I would like to get in at a better price (i.e. wait for a slight pullback so how do I set the automated trade to occur a few ticks below for a long trade and a few ticks above for a sell trade?

Thanks
[2018-11-19 22:52:34]
Sierra Chart Engineering - Posts: 104368
You can control the order type and prices. Refer to:
Spreadsheet Systems, Alerts and Automated Trading: Buy Entry: Order Type [J71]

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Sierra Chart Support - Engineering Level

Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy:
https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation

For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service:
Sierra Chart Teton Futures Order Routing
Date Time Of Last Edit: 2018-11-19 22:53:01

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