Is it possible to enter long and short at the same time if a certain condition is met.
E.g if MA for Period 1 Crosses above MA of Period 2, the automated strategy will place 1 long trade and 1 short trade with the same stop loss level. If the market continues to climb higher, I will only lose the money that I had to give up as a part of short trade and earn the difference between the stop loss of the short trade and exit price of the long trade.
If it is possible to do so as a part of an automated strategy, should both the entry conditions be part of the same entry statement or should i have different entry code for both long and short trade.
Very much appreciate any ideas in advance,
Thanks!
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