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Forums>AlgoWizard / EA Wizard>Application Support>Limit order 10 pips below Shooting Star

  • #110940 |
    Participant
    2 Posts

    Hi :)

     

    IF 

      Candle patern[0] is Shooting Star 

    and

       RSI > 75

     

    then

       Enter at Limit 

           10 pips below the Shooting Star

            Direction Short

     

     

    Questions: 

      1. Howto set Limit Order 10 pips below the Shooting Star?

      2. Is Candle patern[0] the last closed candle,

          or should I use Candle patern[1] to address the last closed candle?

     

    /Jon

     

     

    #121149
    Customer
    197 Posts

    Jon,

    1. For a limit order that is 10 pips above the candle, you would use a rule to say that Candle[1] is a shooting star pattern like you were talking about.  

     

    Then, in the order section, click on Limit Order.  

                 

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    In the Price field, click on Formula

               

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    Then choose Addition (+)

               

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    Then choose the candle’s high[1]

               

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    Then choose converttorealpips and put int he field 10

               

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    then your rule should look something like:

             

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    2. You will need to use Candle Pattern[1] as it is the last closed candle.  [0] is not closed yet; it is the current candle that is still in progress.  So if you want to use the close of a candle, then the first one you can use is Candle Pattern [1].

     

    -Stearno

    #121161
    Participant
    2 Posts

    Thanks for Your help :)

     

    I appreciate the information you have provided me with and I appreciate the prompt reply.

    #121163
    Customer
    197 Posts

    Not a problem.  Glad could help!

     

    -stearno

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