This may be a rookie question. Have a buy limit order set to at 5% above the close. The stock closed at $353 at the end of the week. The scale is weekly. The next week the stock had a high of $359, open of $355, close of $348, low of $336. If the limit is $370 ($353 * 1.05%), why didn't the order trigger? The price never exceeded the limit order of $370. The broker did in fact trigger the order but WL did not. WL moved on to the next stock and purchased it.
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QUOTE:If you set a buy at limit order 5% above the close, it's most likely to buy at the next open, unless price gaps higher by more than 5%.
Have a buy limit order set to at 5% above the close.
WealthLab always triggers signals if they occur. If the signal doesn't become a position on the next bar, it's usually because the Backtest had insufficient buying power - due to position sizing or other operations occurring in the Portfolio.
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