If I open a SELL STOP LIMIT pending order, the trade is executed once the price moves bellow a certain value and then back up past this value again.
But how do I open a SELL STOP LIMIT pending order which is executed once the price moves above a certain value and then back down past that value again?
I have not figured out how I can do this and appreciate any advice. Thank you.
Forum on trading, automated trading systems and testing trading strategies
Carl Schreiber, 2021.05.29 22:20
May be this can help you:
Hello Miguel,
thank you for your answer. Yes, I know what pending orders exist and how they work. However, what I need is to place a sell order instead of a buy order in the top right situation of the pictures you sent me. I have now asked a coder to make a simple EA for me, which is able to do that.
In any case. Thank you for your answer. It's appreciated.
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If I open a SELL STOP LIMIT pending order, the trade is executed once the price moves bellow a certain value and then back up past this value again.
But how do I open a SELL STOP LIMIT pending order which is executed once the price moves above a certain value and then back down past that value again?
I have not figured out how I can do this and appreciate any advice. Thank you.