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Direct MessagesDate/Time: Sun, 08 Sep 2024 00:26:55 +0000
ACSIL trading: does SCT_ORDERTYPE_LIMIT issue a limit order when the stop is hit?
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| [2015-10-26 06:30:53] |
| User44052 - Posts: 34 |
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Hello. An entry is initiated with .OrderType specified as SCT_ORDERTYPE_LIMIT, and I buy at a specific price. I set my stop at 23 points below the buying price. If the stop level is reached, is the exit performed using a LIMIT order or at the MARKET? s_SCNewOrder goLong; goLong.OrderQuantity = 1; goLong.OrderType = SCT_ORDERTYPE_LIMIT; goLong.Price1 = entryPrice; goLong.Target1Offset = entryPrice + 11; goLong.Stop1Offset = entryPrice - 23; |
| [2015-10-26 07:49:52] |
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The exit occurs using a Stop order. How a Stop order works is documented here: http://www.sierrachart.com/index.php?page=doc/doc_OrderTypes.html#Stop 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 |
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