Target Limit Order on Entry (Similar to Stop Order on Entry)

66 views

Skip to first unread message

Nick

unread,

Jan 31, 2025, 1:49:12 AMJan 31

to Adaptrade Builder

Mike,

I'm using NT7/Nt8 right now. I can see from your code that MMStopOffset is used to set the protective stop on the entry bar. Is there a way to also set a target on that same entry instead of waiting for another bar? If there is no way for builder to do this through the GUI, can you suggest a manual code edit to accomplish this?

Thanks!

MikeBryant

unread,

Jan 31, 2025, 2:10:53 PMJan 31

to Adaptrade Builder

As you can see from the setting options in Builder, as well as from the user’s guide, there is no option to apply targets on the bar of entry. That’s because doing so, particularly in conjunction with stops on the bar of entry, is a recipe for creating unrealistic strategies due to intrabar effects. As discussed on this forum in a number of threads, as well as in the online FAQ (and user's guide, Common Questions), creating strategies with multiple executions on the same bar is a bad practice. Please refer to these other sources for details on the issue.