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Place an order based on previous bars high

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    Place an order based on previous bars high

    Hi there,

    I know this seems simple enough but I'm having problems with my strategy. I am trying to auto enter a buy limit order 4 ticks/1 point above the previous bars high as soon as the previous bar closes (using 5 minute). The problem I'm having is it's entering the order right at the high rather than the 4 ticks above. Can someone tell me where I have to configure the 4 ticks correctly?

    Thank you kindly...
    Last edited by Boonja; 11-30-2009, 01:51 PM.

    #2
    I'm not sure I follow exactly when you need to place an order where - at the previous bar's high + / - an offset?

    You would need to place a stop limit / limit order at this value then -



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