Download LIMIT ORDERS For Amibroker (AFL)

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5 / 5 (Votes 1)

trading system, amibroker

If you hope to get a better price on the entry, you might try a limit order. You get complete control over the entry with the following code

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//  EnterAtLimit.afl
//
//  Entry using a Limit Order.
//  Try to get a better price than the Market Order would give.
//
//  This example uses a simple  moving average  crossover to
//  illustrate entering a long  position at the market.
//
// The delay between the signal and the entry is 
// controlled either by the Settings window or the AFL code.
//
// For market orders, enter and exit Market On Close 
//  with    no delay
SetTradeDelays(0,0,0,0);
BuyPrice = C;
SellPrice = C;
// The trading system is a simple moving average crossover 
MA1 = MA(C,5);
MA2 = MA(C,25);
// The signal is generated on the bar when MA1 
//  crosses above MA2
BuySig = Cross(MA1,MA2);
//  If we can get in    at 1%   below the   Close   on  the
//  day the signal was generated,   we  will enter,
// otherwise pass on this signal.
Buy = (Ref (BuySig,-1)==1) AND (L<0.99*Ref(C,-1));
BuyPrice = 0.99*Ref(C,-1);
// When the sell signal comes, use a Market On Close order. Sell = Cross(MA2,MA1);

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LIMIT ORDERS for Amibroker (AFL)
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Amibroker (AFL)

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