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Date/Time: Tue, 07 May 2024 08:39:07 +0000

Post From: Limit Touch Chase triggering before the touch

[2019-06-25 03:52:28] Link To Thread - Link To Post [Go To First Post]
Yoda - Posts: 106
Have a look at using the Triggered Limit order Thank for the suggestion. You are correct, it's close but unfortunately it appears to have two issues: 1. It's client side (which I could probably learn to live with) and 2. There is no chase variable. Would it be possible to add a chase variable to the Triggered Limit Order? Brief background why I need this. I'm a break out trader. i.e. 15 minute Opening Range Breakout. Therefore as soon as the 1st 15m candle is set, I require SC to place a long order at the high of the candle and a sell order at the low of the candle. Since I'm trading breakouts, there can be significant slippage if I simply use a market order. Alternatively, using a limit order results in me missing a lot of trades. I therefore need a way to set the orders with with some wiggle room where SC can enter a trade as soon as the high of the 15m candle is broken at any price up to a set maximum (i.e. High + say 10 cents above the high) and the opposite for the short trade.