Conditional order to buy

[Joachim]

Hello,

My question is about setting up a conditional order for a 1 minute candle relative to a study. I would like to buy a stock only once the stock price is ABOVE the 1m VWAP from the previous 1minute candle. I know how to set up the conditional order (or the alert) relative to the price crossing above the 1m VWAP but do not know how to relate that to the actual buy if only the stock is presently above the past 1 minute VWAP. Thank you for your help.

 

[rad14733]

Conditional Orders are one-and-done, meaning they must be reset after execution and completion of the order, whether a simple Buy/Sell order or an OCO... I reference Studies from within OCO Conditional Orders, and even User-defined Studies can be referenced, unlike from within Studies/Strategies...

The following image is an example of the Buy side of an OCO Conditional Order...

For your needs something like close crosses above VWAP();, entered as direct code, should work... Or you could add a few cents similar to VWAP() + .05... Just make sure your timeframe is set to 1m like it is in the image... Test using Paper Money rather than OnDemand...

 

[priyamani]

Conditional Orders are one-and-done, meaning they must be reset after execution and completion of the order, whether a simple Buy/Sell order or an OCO... I reference Studies from within OCO Conditional Orders, and even User-defined Studies can be referenced, unlike from within Studies/Strategies...

The following image is an example of the Buy side of an OCO Conditional Order...

For your needs something like close crosses above VWAP();, entered as direct code, should work... Or you could add a few cents similar to VWAP() + .05... Just make sure your timeframe is set to 1m like it is in the image... Test using Paper Money rather than OnDemand...
View attachment 20559

.05 refers the equity price > If I am expecting a rejection at vwap , does this condition work (I am going to test this in simulation) but just want to confirm