Analysis Techniques & Strategies

_Single 1dir Rnge En (Strategy)

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Input Information

Name Type Default Description
LongOrShort Numeric 1 Used to indicate the type of entry; use 1 for Long, 2 for Short.
DayOrGTF Numeric 1 Used to indicate the type of order behavior; use 1 for a Day order, 2 for good-till-filled (GTF.)
RangeHi Numeric 105 Indicates the High value of the range to enter long on a stop or short as a limit.
RangeLo Numeric 95 Indicates the Low value of the range to enter long as a limit or short on a stop.
Quantity Numeric 1000 Specifies the number of shares to enter into the position.
EffectiveBarDate_YYMMDD Numeric 020102 Date on which the order should become active, in YYMMDD format.
EffectiveBarTime_HHMM Numeric 1300 Time at which the order should become active, in 24 hour HHMM format. This value is only used in an intra-day chart

Usage

Directional entry (long or short depending on the input) that will be generated via a Stop or Limit order, whichever occurs first.

Description

The _Single 1dir Rnge En strategy will generate a single entry (either long or short) depending on the input; it will be generated as either a stop or limit order, depending on which side of the specified price range is reached first. You may indicate the direction of entry (long or short), the number of shares, and the date and/or time that the order becomes active.

This strategy allows you to set a limit order for a favorable price along with a stop order if the market moves in your anticipated direction.

This strategy will only work on charts using an Intra-day or Daily bar interval.

Order Name: Buy, Buy #2, Short, or Short #2 (system-generated default names)

Related Strategy: None

Related Function(s): None