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Date/Time: Wed, 15 May 2024 11:52:36 +0000



Post From: spreadsheet for trading

[2015-01-29 00:48:19]
jimnovak - Posts: 42
hi
is it possible to use a spreadsheet to perform a very simple order placement task?
say price currently is 1.75 and i want to buy at 1.25. if i place a regular limit order, entry is made as soon as the price hits 1.25. now i dont want that. i want to buy at 1.25 only when the price has fallen below 1.25 and is on its way up and enter the trade then. i can currently do that with a buystop order but price has to be below 1.25 for it to work. i basically want to be able to set a trade as explained at prices higher than 1.25.
any help to put me in the right direction is appreciated.

attached is a link to a chart with an example scenario explained visually. http://www.sierrachart.com/image.php?l=14224920554.png

regards