MultiCharts: Trading Software for Automated Trading and Backtesting

Hello

Is there a possibility to use / to program a "buy stop order" with Multichart? and is it possible tu use it with an automatique trading?

Example: Suppose you are looking to buy 100 shares of Intel (INTC) if the stock's price shows that it wants to go up. Assume INTC is currently trading at $20 per share and you believe that if the price rises to $22 or higher there will be continued upward momentum. You place a Buy Stop Order @ $22 on INTC.

Suppose INTC then proceeds to trade up to $22. At that time, your order would become a Market Order to buy and your order would be filled at the next best available price.


I have found this page : http://www.tradingcode.net/multicharts- ... top-order/

But, I would like to know whether there is a key-word for this kind of order with Easy Language? or if this order has to be programmed to be used?

best regards

Hello hendrix,

That is possible to send buy stop orders in auto trading.
Please refer to the following articles:
Buy
Stop

Hi Henri

You think the instruction "Next Bar At Price Stop" will do the order I expect ?

On the attachement, the exemple is for a long position. I imagine that this insctuction works for buy and sell position.

sincerely

Example: Suppose you are looking to buy 100 shares of Intel (INTC) if the stock's price shows that it wants to go up. Assume INTC is currently trading at $20 per share and you believe that if the price rises to $22 or higher there will be continued upward momentum. You place a Buy Stop Order @ $22 on INTC.