Enters a long position if the close is at or above the specified price. This function is generally used by an Entry Block to initiate a position.

 

Syntax:

broker.EnterLongOnStopClose( stopPrice, [ protectStopPrice] )

 

Parameter:

Description:

stopPrice

Entry stop price of the order

protectStopPrice

This sets the protective stop price of the order, and the position  (optional parameter when a protective exit price isn't wanted for the bar of entry).

 

Note:

Orders with a price that is close are excluded from same day exits, so this protective stop is not used on the day of entry.

 

Returns:

When a broker function succeeds it will place a True in the system.orderExists() and when it fails to this property will return a False.  Before attempting to access any order information expected from a broker order, consider checking to confirm an order was created with a conditional statement similar to this:

  '  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  '  When New Order is Created,...
  If system.OrderExists() THEN
    '  Apply Order Detail To Trade Information
    order.SetRuleLabel( sRuleLabel)
 
    '  Apply Order Details To Order Information
    order.SetOrderReportMessage( sRuleLabel)
  ENDIF '  s.OrderExists
  '  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

 

Example:

' Enter the market if the close is at or above the entry price
broker.EnterLongOnStopClose( entryPrice )

 

 


 

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