Trigger buy limit based on bid price
Trigger buy limit based on bid price
02 Jun 2024, 13:10
Hello,
it would be handy to allow to enter a buy limit position based on BID price line similar to how stop loss can be seto to trigger “Opposite”. This would allow to enter a buy position based on the current drawn chart and do not miss entries because of the variable spread. This would be great if was available to all platforms.
Thank you!
Replies
PanagiotisCharalampous
03 Jun 2024, 05:18
Hi there,
Stop losses are market orders therefore you can invent any trigger rule you want. They can trigger at the opposite price but the execution will take place the the current market price. On the other hand, a limit order is executed at the requested price or better. So you cannot just trigger it whenever you want.
Best regards,
Panagiotis
@PanagiotisCharalampous
PanagiotisCharalampous
03 Jun 2024, 05:18
Hi there,
Stop losses are market orders therefore you can invent any trigger rule you want. They can trigger at the opposite price but the execution will take place the the current market price. On the other hand, a limit order is executed at the requested price or better. So you cannot just trigger it whenever you want.
Best regards,
Panagiotis
@PanagiotisCharalampous