How to create a stop-order with stoploss at broker?
Posted: Dec 17 2015
How can I place a buy-stop order with a stoploss at my broker (LMAX)?
I tested this:
1) My signal places a buy stop order, including GenerateStopLossPt(10).
2) I unplugged the network so MC loses internet connection.
3) The price hits the stop order at the broker so it is filled.
4) Result: there is no stoploss, since the internet connection from MC to broker is lost.
In other words, I would like to attach a stoploss to my stop order at the broker, so I am safe in case Multicharts crashes or its connection gets lost.
At the LMAX website, the stoploss column of the stop order is empty (see screenshot, column on the right). I would like to insert a stoploss value in that column through MC.Net.
For example with MT, you can submit a stoploss with your stop order: http://docs.mql4.com/trading/ordersend
The stoploss is then present at the broker, so you don’t depend on client software.
Does anyone know how to do this or work-around this?
I tested this:
1) My signal places a buy stop order, including GenerateStopLossPt(10).
2) I unplugged the network so MC loses internet connection.
3) The price hits the stop order at the broker so it is filled.
4) Result: there is no stoploss, since the internet connection from MC to broker is lost.
In other words, I would like to attach a stoploss to my stop order at the broker, so I am safe in case Multicharts crashes or its connection gets lost.
At the LMAX website, the stoploss column of the stop order is empty (see screenshot, column on the right). I would like to insert a stoploss value in that column through MC.Net.
For example with MT, you can submit a stoploss with your stop order: http://docs.mql4.com/trading/ordersend
The stoploss is then present at the broker, so you don’t depend on client software.
Does anyone know how to do this or work-around this?