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    Conceptual question about pending orders

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    • isp00rt
      isp00rt last edited by

      I remember I was told that the block "Buy/Sell pending order" doesn't need to be specified with a limit/stop mark because is it included within the block. That raises me a question. How does the block know that? If want a pending order at a price that is not the one at the market now (let's say obove the current one), how can it know I want a buy stop instead of a sell limit?

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      • M
        miro1360 last edited by

        there are separate blocks for pending Buy and for pending Sell, you need to decide (or EA strategy conditions) which one to use ..

        for pending Buy:
        when is placed above current price and this price goes up and crosses this pending Buy, you get Buy stop
        when is placed bellow current price, and this price goes down and crosses this pending Buy, you get Buy limit

        for pending Sell:
        when is placed above current price and this price goes up and crosses this pending Sell, you get Sell limit
        when is placed bellow current price and this price goes down and crosses this pending Sell, you get Sell stop

        🙂

        Between trading and gambling is a very small gap, be careful.

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        • isp00rt
          isp00rt last edited by

          Impressive. This site is more astonishing the more I use it every day. 😮 Thank you 😉

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