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kmcintyre

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Posts: 410

Joined: 8/30/2007
Location: Valley Center, CA

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Subject : buy stpp orders with systems, strategies, and TPs
Posted : 7/4/2018 4:08 PM
Post #44936

More confusion...

I have a system that triggers LongSignal when I have a valid setup bar. But that doesn't mean I want to go long unless the buy stop level in my trade plan is met.

So my systems block is going to pass the signal to the vote block, which passes every signal to the Trade Plan block. The TP block will enter the trade IFF the price exceeds a Buy Stop level. (Not sure how I specify that level, which is probably part of my problem...)

I have the system added to my chart, and I see the entry up arrows. But those aren't really entries, just invocations of the trade plan. (Or at least that's my understanding...)

The Vote line should show entries that actually meet the trade plan buy stop condition. So there can be entry arrows from my system that don't have entry arrows (triangles) on the Vote line. Right?

So how do I use OL to calculate the Buy Stop level?

Also, the Buy Stop is a DAY order. (And a broker order.) Does my OL System need to deal with that? Or does the Trade Plan entry condition kill the buy signal in the Vote line after one bar?

And what does a broker day order mean if I'm trading off a 3 day chart? (Ok, let's leave that for another post... lol )

Thanks in advance.

Cjeers!





Deleting message 44936 : buy stpp orders with systems, strategies, and TPs


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