Stop Turn
Last updated
Last updated
Stop Turn order algorithm
Buy Stop Turn --- is an order for placing a limit request for a breakdown, according to which the algorithm triggers when the price of a certain trigger, the Breakdown price, is reached.
If the market price of an asset reaches the trigger in the H1 period and is closed above the trigger in the selected period, the Buy Limit order is placed.
If the asset price is closed below the trigger level, but is not crossed, the order cancellation level remains in standby mode.
If the asset price is closed below the trigger level and crosses the cancellation level, the order is cancelled.
The Buy Stop Turn order is recommended to be used in passive mode.
Perhaps only when there are funds on deposit, the market offers the trigger price. Partial order filling and subsequent partial order closing by TP leads to cancellation of the unfilled order.
Main feature: the Buy Stop Stop order does not block the deposit.
Sell Stop Turn --- is an order for placing a limit request for trial, according to which the algorithm triggers when the price of a certain tariff, the Stop price, is reached.
If the market price of an asset reaches the trigger in the H1 period and is closed below the trigger in the selected period, the Sell Limit order is placed.
If the asset price is above the trigger level and crosses the cancellation level, the order is cancelled.
If the asset price is closed above the trigger level, but is not crossed, the order cancellation level remains in standby mode.
The Sell Stop Turn order is recommended to be used in passive mode.
Perhaps only when there are funds on deposit, the market offers the trigger price. Partial order filling and subsequent partial order closing by TP leads to cancellation of the unfilled order.
Main feature: the Sell Stop Turn order does not block the deposit.
An example of how an order works - the algorithm has triggered, the order has been placed.
An example of how an order works - the algorithm has triggered, the order has been cancelled.
