Of course, keep in mind the stop / loss order is still a market order, so the price of your sale may be slightly different than
the specified trigger price.
Not exact matches
A stop - limit order
triggers a limit order once the stock trades at or through your
specified price (stop
price).
An order that
triggers a market order once a
specified security
price (the stop
price) is reached.
If
price breakout below the ascending triangle as seen on Fig. 1.1, it is an indication that
price is being pushed downward i.e. a
trigger to sell the
specified FX pair.
That market
price could be much different than your
specified stop loss
trigger price.
If the tomato bars of the WildersDMI.ex4 custom indicator pops up within its indicator window as illustrated on Fig. 1.1,
price is said to be pushed lower, hence a
trigger to sell the
specified currency pair.
An order that
triggers a market order once a
specified stock
price (the stop
price) is reached.
The key feature is that as long as the market
price moves in a favourable direction, the
trigger price will automatically follow it by the
specified distance.
Once
price reaches your zone,
specified by an upper and lower
price band, an entry order is created, which stays in the market until
triggered.
If the yellow downward pointing arrow of the EMA 5 10 34 Crossoverl.ex4 custom indicator is seen somewhere above
price bars as shown on Fig. 1.1,
price is said to pushed to the downside i.e. a
trigger to sell the
specified currency pair.
My bot will buy at desired
price and set a stop loss and a take profit
trigger at
specified targets.