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Date/Time: Thu, 02 May 2024 13:33:04 +0000

Post From: Triggered Limit

[2018-10-19 02:41:20] Link To Thread - Link To Post [Go To First Post]
NG1980 - Posts: 38
Is there a way to have an limit order that triggers the opposite direction of the trigger? From what I can tell, triggered limits function as "pullback entries" so if a price is achieved to the upside then the triggered limit order is to buy lower than that trigger. So if I want to buy something if it makes new highs, then I would have my trigger above a certain price and it would trigger a buy order lower than that trigger. However, I want to short something if a new high occurs. I wish to have a trigger Above the current price that triggers a short order below that trigger price. For example XYZ has been struggling to break above some price like 7160. I want to short XYZ at 7159 only if my trigger of 7161 is hit. I've tried to create this order as a triggered limit but for some reason the system keeps rejecting it. Instead of using Trigger Limit for a "Pullback Entry" I want to use it to "Fade a breakout / breakdown" Date Time Of Last Edit: 2018-10-19 03:06:16