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What type of order?
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What type of order?
Hey guys. I use range bars as my frame, and one of my strategies includes a stop loss on an order depending on the next range bar's open: if I have an open long position, my short target/loss will take place at the first bar that opens higher than the the previous. Unfortunately, this means that sell limit orders do not work if the market price is already lower than my wanted stop loss. What type of order can I use to have my stop loss executed when the set stop loss equals the current market price?Tags: None
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Okay. So say the USDJPY is trading at 100.00. I get a buy limit order filled at 98.00 and the market falls to 95. If I wish to set a stop loss at 96 (for if/when the market moves up again) but only so that I am filled at no lower than 96, I'd use a stop limit order? I apologize for the naivety, but I'm new to certain order types.
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