Hi Everyone.
Below is the example of the order I'm attempting to place.
If XYZ is currently trading at $20, I place an order to go long 100 shares at $21 via a buy stop limit order. Should prices never reach that high on the day the order is placed, I'd like a contingency that cancels the order if prices trade below $19 during that same day. I've been told that the cancellation order would require an API to be written by either myself, a programmer, or via software. Is this information true? Does a simple cancellation order require any one of these additional steps? Thanks.
Below is the example of the order I'm attempting to place.
If XYZ is currently trading at $20, I place an order to go long 100 shares at $21 via a buy stop limit order. Should prices never reach that high on the day the order is placed, I'd like a contingency that cancels the order if prices trade below $19 during that same day. I've been told that the cancellation order would require an API to be written by either myself, a programmer, or via software. Is this information true? Does a simple cancellation order require any one of these additional steps? Thanks.
