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I'm scratching my head with some trade logic do I'm hoping someone can help. I have a bit of code working just fine where if Price Crossabove EMA, a buy limit order is placed at the "price" of the EMA. The idea is I only want to buy if it retraces back to the EMA.
Here is where I get stuck in logic land... the price keeps going up, and the EMA keeps going up... so I want my EnterLongLimit to equal the EMA as it is rising. Once price drops back to the EMA I should get filled.
Current psuedo code in OnBarUpdate is;
if (goLong) EnterLongLimit(EMA, "myLong");
Which works, but the EnterLongLimit doesn't "chase" and update on change of value of the EMA.
Ideas? Thoughts? Sugesstions?
Can you help answer these questions from other members on NexusFi?
If I'm not using ATMs I think I may have to use IOrders as it will be a "cancel current BuyLimit/if cancelled enter new BuyLimit" meaning I'm adding some OnOrderUpdate stuff as well. Was hoping for something simple .