Dislikedjust a quick question for the pending order what if it doesnt trigger on the next candle but made new high or low do we cancel the order? for eg a pending long, the next candle made a lower low do we cancel the buy order?Ignored
Simmo
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Dislikedjust a quick question for the pending order what if it doesnt trigger on the next candle but made new high or low do we cancel the order? for eg a pending long, the next candle made a lower low do we cancel the buy order?Ignored
DislikedIn this screenshot you'll see:
1. Red up arrow indicating the Inside Bar. Here we put a buy stop order at the high of the Inside Bar, with a 30 pip stop loss.
2. Red Thumbs Down. Two days later the stop loss is hit for a minus 30 pips. We re-enter the buy stop at the same price. The next day the second order triggered.
3. "Stop Loss Order". Here we are moving our stop loss order up to the low of each succeeding bar.
4. Green Thumbs Up. This is when we exit the trade for a plus 178 pips.
So we had positive 178 minus 30 for a total of 148...Ignored
DislikedHi Kelvin,
Can you explain the re-enter price.
"We re-enter the buy stop at the same price."
Is that the price that the initial position was taken or is it the stop out price (initial price - 30pips)
Thanks
eRelationIgnored