Does anyone know of a conditional buy stop tool already made?

New comment
 
I've looked through the market and cannot find one.

I'll give an example of what I would like it to do:

Price is currently at 150.

I want to enter a buy position, on the following condition:

Price goes below 100, this is then the trigger to turn the bot on. A buy stop order is then placed at 110, with a stop loss also placed at whatever I want. 

In MT5 and most broker systems, you can only place a buy stop order above the current price. I want to have my order ready and waiting, for when price goes down, then only taking the position when price goes back up. Same feature, but in reverse for sell orders. 
 

Your topic has been moved to the section: Expert Advisors and Automated Trading — In the future, please consider which section is most appropriate for your query.

Recommendations or suggestions for Market products are not allowed on the forum. Please do your own research.

You can either look at the Codebase if something already exists, or in the Market for paid products (also sometimes free).

Finally, you also have the option to hire a programmer in the Freelance section.

New comment