Support Board
Date/Time: Wed, 15 Jan 2025 18:30:58 +0000
Post From: Using limit orders for Buy Exit and Sell Exits
| [2017-08-18 16:05:57] |
| User606491 - Posts: 164 |
|
I'm trying to understand how the Spreadsheet System for Trading works when using limit orders for Buy Exit and Sell Exits. The documentation isn't very clear here: Here's the scenario: For Buy Exit: -If id0.sg4@3 < Bollinger Midline --> Set Limit at Bollinger Midline -If id0.sg4@3 > Bollinger Midline --> Set Limit at Bollinger High Goal: -I want SC to set a Limit order to exit based on proximity to a Bolinger, recognizing that both price and the Bolinger band change in value. Two questions arise: - Because I'm using current price (id0.sg4@3) and the current value for the each respective Bollinger line (@3), the value of both price and the Bollinger are constantly changing. Hhow does SC handle ever changing limit orders? When is an order sent for execution? - Similarly, if Current Price > Bolinger Midline (hence target is Limit at Bollinger High), BUT dips below the Bollinger Midline, will Sierra Chart change the Buy Exit order to Limit at Bollinger Midline? (if so, what is the lag here?) |