Hi All,

Just wondering if it's possible in WL5 to open a new position along with a stop in the SAME bar. For example, buy INTC at Open the next day (bar) but sell before the Close if it drops a certain amount.

This ability is crucial in highly volatile times like these!

Typical entry BuyAtMarket(bar + 1) doesn't know the price yet b/c that's in the "future". Then applying Stop in next iteration of the loop is too late because Close has already happened.

I tried using TrailingStop instead but it doesn't seem to work, maybe because "LastPosition" doesn't exist yet? As in:

CODE:
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Any thoughts appreciated!

Thanks,
Mike

You've got the right idea about LastPosition, and even though I'm not familiar with SellAtAutoTrailingStop, that's the right idea too for backtesting.

However, as discussed in the User Guide: Preferences > Trading > Trading Options, Allow Same Bar Exits for Auto-Trading, you need to call RiskStopLevel for the Order Manager to work the order after a "live" entry.

So, putting it all together, the entry logic would look something like this -

CODE:
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