Hello --

How would you suggest to place a limit buy order below the current price?

I am doing this via the JForex API.

This would be the equivalent of a stop entry buy order, but with the aim of minimizing slippage as for a limit buy entry order placed above the current price.

Thank you,
Robotrader

For conditional orders see:
https://www.dukascopy.com/wiki/#Set_Conditional_Order
For fetching the current price:
https://www.dukascopy.com/wiki/#History_ticks/Last_tick

Thanks for your reply. I don't think this page is answering my question though.

Let's say I am short and current price is 100.

I want to submit a buy limit entry with target price of 102.

How can I achieve this?

Thanks

Please provide your example strategy and pinpoint which place you don't know how to implement.

Thanks for your reply.

Current price is 99@101 and my position is flat.

If the price moves to 100@102, I want to place a limit order to buy at 102.

Apparently I can't set a limit buy entry order with target price above the current price.

However if I use a stop entry buy, the order will be a market order and therefore I can be filled at a price worse (higher) than 102.

Any help greatly appreciated.

By example strategy we mean the source code of how far you have got.