OpenTradeEx

cmctrader · #1 (**permalink**) 05-24-2009, 11:53 PM

I want to use TradeDeskAut.OpenTradeEx to open a market trade and set the stop loss as distance in pips.

wcsInstrument is GBP/JPY
dStopPips = 50

m_oTrDesk.OpenTradeEx(wcsAccountID, wcsInstrument, true, iLotsNo, 0, wcsQuoteID, 0, m_oTrDesk.SL_PEGGEDSTOP, -1 * dStopPips, 0, 0, out psOrderId, out psDI);

dStopPips is the distance in pips.

An trade was created, but the stop loss was not be set.

To FXCM:Would you please tell us how to use OpenTradeEx method? Thanks.

Nikolay.Gekht · #2 (**permalink**) 05-25-2009, 12:40 PM

The method is documented in the help file.

Please, see the iSLType parameter specification:
TradeDeskAut.SL_STOP
Use this value in case the stop order must be added.

TradeDeskAut.SL_PEGGEDSTOP
Use this value in case the stop order must be the pegged stop order.

Example:
tradeDesk.SL_LIMIT + tradeDesk.SL_PEGGEDLIMIT Set the pegged limit.

so, to set up pegged stop order you must specify
tradeDesk.SL_STOP + tradeDesk.SL_PEGGEDSTOP

cmctrader · #3 (**permalink**) 05-25-2009, 07:53 PM

Great, It works, thank you very much!

cmctrader · #4 (**permalink**) 07-02-2009, 08:51 PM

Under the Rule 2-43(b).
Will OpenTradeExe method still work?

Nikolay.Gekht · #5 (**permalink**) 07-03-2009, 11:41 AM

You can not use stop and limit orders under the rule 2-43(b). You must create appropriate entry orders instead.