Place LMT order from Specific Price

Created at 02 Aug 2022, 10:40
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ctid2434759

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Joined 02.08.2022

Place LMT order from Specific Price
02 Aug 2022, 10:40

Hi there,

I'de like to place a LMT order from the last bars high price.
I can't quite figure out how to combine the two items.

 

I can get the last bars high price with.

Print("High: {0}", Bars.HighPrices.Last(1));

 

Then I can place a LMT order like this
PlaceLimitOrder(TradeType.Buy, SymbolName, 2000, Symbol.Bid,"myLimitOrder");

But I really want to replace Bid with a variable price that is the last bars high value.

 

eg something like.

var price = Bars.HighPrices.Last(1);

PlaceLimitOrder(TradeType.Buy, SymbolName, 2000, Symbol.price,"myLimitOrder");

Any suggestions?

@ctid2434759
Replies

PanagiotisCharalampous
02 Aug 2022, 10:49

Hi there,

The code should be

PlaceLimitOrder(TradeType.Buy, SymbolName, 2000, Bars.High.Last(1),"myLimitOrder");

but it will not work since you cannot place buy limit orders above the market price. It needs to be a stop order.

Best Regards,

Panagiotis 

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@PanagiotisCharalampous

ctid2434759
02 Aug 2022, 11:16 ( Updated at: 02 Aug 2022, 11:24 )

RE:

Thanks!

So I actually want to do.

The last bars high minus a specific number of pips.

So I got your code to work
PlaceLimitOrder(TradeType.Buy, SymbolName, 2000, Bars.HighPrices.Last(1),"myLimitOrder");

Then added this to be the final value of 6 pips bellow.


PlaceLimitOrder(TradeType.Buy, SymbolName, 2000, Bars.HighPrices.Last(1)-6*Symbol.PipSize,"myLimitOrder");


Thanks so much for your help.
Now I'm onto the next step which I really want to figure that out myself but I'm sure I'll be in touch. ha

 

@ctid2434759
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