Use two limit orders on same position

Author: levyfred

Creation Date: 9/9/2009 1:24 AM

Wealth Lab » WealthScript (.NET) » Use two limit orders on same position

levyfred

9/9/2009 1:24 AM

Hi,

Is that possible to create 2 limits orders on the same position.

For example, I want to buy if stock level reach wither A or B.

Can I write 2 lines as below
BuyAtLimit( bar+1, A );
BuyAtLimit( bar+1, B );

Or do I have to compute if A < B and then use BuyAtLimit one time only?

Eugene

9/9/2009 5:50 AM

Hi,

Just as in real trading, it's possible to enter multiple limit orders to create multiple positions. For a single position system, the level first to trigger will create the trade.

levyfred

9/9/2009 10:27 PM

ok, thanks!

Cone

9/10/2009 9:28 AM

It's not advisable to use limit orders this way unless you actually want to scale in to 2 positions. Since you said "the same Position", it's not clear what you're trying to do. If you only want one Position, then you should do the following -