I currently use the simple "Enter Long Pos." & "Enter Short Pos." to reverse my position in a strategy (Strat Wizard). If I wanted to implement a Limit order in the event of a intraday gap or wild price run, what would happen if the price ran away from the Limit order; (1) would the order remain until filled or until the next signal?, (2) it appears that under the setting I currently employ, there are two transactions. One for Closing and one to Open New Position. what would happen to the Closing side of the order? would it also be held open or is it subject to separate logic?; (3) Assuming the next signal occurred prior to the price returning to the Limit, how would that next signal be processed?
Let me know if I need to clarify my question. Thanks.
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