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Date/Time: Sat, 18 May 2024 06:48:55 +0000

Post From: Automated Spreadsheet System for Trading: How to exit a trade with a Limit and Stop Order

[2020-05-06 10:38:54] Link To Thread - Link To Post [Go To First Post]
rainbow47 - Posts: 68
Hi, I am using a Automated Spread Sheet Trading System with Buy/Sell Entry and Buy/Sell Exit. An AO Stop order is placed when I enter the trade. Exasmple Step 1) Enter Short @ 100 and place an AO Stop at 107 Step 2) Market moves to 103. Sell Exit gets triggered with a limit of 101. At this point my initial Stop order is gettign cancelled and only the limit order is open. If I reach the limit the trade gets closed and if I dont reach the limit the loss can be indefinite because the inital AO stop order got cancelled. I would like to exit the trade either at my initial AO STOP and at the Limit which got generated bu the Sell Exit condition. How can I exit the trade where the initial AO Stop remains in place and the Sell Exit Limit at 101 also gets generated once it condition becomes true? The aim is to exit the trade either at 101 or 107. Thanks