in Search

System test using both limit and stop loss orders

Last post 05-01-2008, 2:41 by okapi. 0 replies.
Sort Posts: Previous Next
  •  05-01-2008, 2:41 27087

    System test using both limit and stop loss orders

    Hi,

    My system requires a 2-way exit.

    It needs to exit either when a limit (i.e. above market) price is reached, or a Stop loss (below market)  is triggered. Both exits should be monitored in parallel by the system.

    Both the limit price and the Stop loss price are based on different indicators (require a formula), i.e. The Sell-limit exit is based on the price crossing a certain indicator, while the Sell Stop-loss is inactive initially, and becomes active (at breakeven profit level) if and when the price crosses another indicator.

    Problem is, in the system tester sell order window, one can either choose a limit or a stop-loss order with functions, not both, while the "Stops" window offers a basic point / % based stops only.

    Can someone tell me if achieving this is within the capabilities of MS version 10.1?

    THX,
    Eli

View as RSS news feed in XML