stop order from hotkeys

[mlsignups]

Hi guys - the other day I asked about how to set up a stop when i also place an order.

This is what I ended up doing.  It places the order but the stop price is not set right stop price with the broker.    The stop price was I think the bid but the actual low of day which much lower.   You can see it bought then sold 3 seconds later.

Can you let me know what I'm doing wrong with the configuration?

Again; my goal is to send over an order and the nhave the stop set at low of day.

Thanks

 

 

[Mike Medved]

See that red wavy line under TodayLow? Put your mouse on it, it will tell you there is a problem.

Basically secondary legs are never absolute-priced, they are always offset from the main order.

So the Stop Price should be:

offset(TodayLow-(((Ask-Bid)/2)+Bid+.04))

 

BTW: ((Ask-Bid)/2)+Bid is mid price right? There is a variable for it - Mid

So it should be Mid+.04 Looks simpler.

[mlsignups]

Thanks Mike.