door GM » wo 02 apr 2003, 12:23
Reserved word used in an Entry or Exit statement to specify how to fill an order.
Remarks
?Limit orders can only be executed on the next bar
?Limit can be read as ?this price or better?, meaning lower for a Long Entry and Short Exit, higher for a Short Entry and Long Exit.
?Limit orders require a reference price.
Examples
Buy next bar at 75 Limit; generates an order to enter a long position on the next bar at a price of 75 or lower.
Sell next bar at 75 Limit; generates an order to enter a long position on the next bar at a price of 75 or higher.
Additional Example
ExitLong next bar at 75 Limit; generates an order to enter a long position on the next bar at a price of 75 or higher.
{** ? 1987, 1999 Omega Research, Inc. **}