WH SelfInvest (Support) Forum

The speed trader enables me to place stop orders (entry orders) that go directly to the exchange (i.e. the FDAX in Eurex). Then I can change the prices by dragging the lines and the changed prices are updated directly on the exchange.
Hoe can I program this proces in Express.
In other words, I would like to periodically change the stop (entry) price based some event (in my case based on a new lower low for a stop buy entry order and a new higher high for a stop sell entry order).

Thank you in advance.

Hi wpakort,

There is a difference between placing an entry stop order manually versus generating an entry signal with the use of an automated strategy. When looking at a buy entry signal, it is only ever created at the end of a candle, as opposed to a stop buy order which will be executed as soon as the price hits the order.

So for your example, there is a way to program a price channel in Express and as soon as the price closes above or below the channel (or the candle's high or low breaks this channel) a buy or sell signal can be generated, at the end of that candle. But as you can see, this is not quite the same as there may be a certain lag, depending on the time frame you are using.

Regards,
Bastiaan
WHS

Dear Bastiaan,

Thank you so much for this reaction.
This time delay you mention is not a problem.
Please show in on Express program code how this is to be programmed.

For instance: at the end of a candle (1-minute candle) the price has hit a new low, so the stop buy entry price has to be lowered (a certain percentage above this new low). Than this lowered price has to send to the exchange.
In fact this becomes a trialing entry.


Regards,

W. de Kort

Dear W. de Kort,

This will definitely be possible to program in Express. So am I right when saying you wish to enter in a long position when the price crosses above a line based on the lowest low of a particular period + a certain percentage?

So say the lowest low of the last 10 periods is 1500 points, and we wish to buy 1% above that level, the long triggerline should be placed at 1515?

The short side would then be the opposite.

Please confirm and I will try to create something in Express for you.

Regards,
Bastiaan
WHS

Dear Bastiaan,

Not quite right.
It is certainly the intention to enter a long position when (in your example) the price crosses above 1% from the lowest low, but this will be done automatically because the stop buy order is already at the exchange.
The idea is to modify the stop buy order at the exchange every time when, at the end of a candle, the price hits a new low.
Compare this with a trailing stop. With a trailing stop the stop order is periodically modified at the exchange when so required.

Regards,

W. de Kort

Hi W. de Kort,

Unfortunately, linking a traditional working stop order (i.e. not a Bracket Order) on the exchange with an express code will not be possible. Stops can only be interpreted with Express codes if they are used in combination with the TradeGuard function in FutureStation, to protect an open position.

Regards,
Bastiaan
WHS