strategy.order() - Pine Script Function

strategy.order()

Overview

Creates a new order to open, add to, or exit from a position. If an unfilled order with the same id exists, a call to this command modifies that order.

Syntax

strategy.order(id, direction, qty, limit, stop, oca_name, oca_type, comment, alert_message, disable_alert) → void

Parameters

Name	Type	Description
id	series string	The identifier of the order
which	—	corresponds to an entry or exit ID in the strategy’s trades after the order fills. If the strategy opens a new position after filling the order
the	—	order’s ID becomes the strategy.position_entry_name value. Strategy commands can reference the order ID to cancel or modify pending orders and generate exit orders for specific open trades. The Strategy Tester and the chart display the order ID unless the command specifies a comment value.

Examples

Example 1

//@version=6
strategy("Limit and stop exit strategy", overlay = true)//@variable The distance from the long entry price
for each short limit order.float shortOffsetInput =
input.int(200, "Sell limit/stop offset, in ticks", 1) * syminfo.mintick//@function Draws a label and line at the specified `price` to visualize a limit order's level.drawLimit(float price, bool isLong, bool isStop = false) => color col = isLong ? color.blue : color.red label.new( bar_index, price, (isLong ? "Long " : "Short ") + (isStop ? "stop" : "limit") + " order created", style = label.style_label_right, color = col, textcolor = color.white )
line.new(bar_index, price, bar_index + 1, price, extend = extend.right, style = line.style_dashed, color = col)//@function Stops the `l` line from extending further.method stopExtend(line l) => l.set_x2(bar_index)
l.set_extend(extend.none)// Initialize two `line` variables to reference limit and stop line IDs.var line profitLimit = navar line lossStop = na// Calculate a 14-bar and 28-bar moving average of `close` prices.float sma14 = ta.sma(close, 14)
float sma28 = ta.sma(close, 28)
if ta.crossover(sma14, sma28)
and strategy.position_size == 0 // Place a market order to enter a long position.
strategy.order("My Long Entry ID", strategy.long)
if strategy.position_size > 0 and strategy.position_size[1] == 0 //@variable The entry price of the long trade. float entryPrice =
strategy.opentrades.entry_price(0) // Calculate short limit and stop levels above and below the `entryPrice`. float profitLevel = entryPrice + shortOffsetInput float lossLevel = entryPrice - shortOffsetInput // Place short limit and stop orders at the `profitLevel` and `lossLevel`.
strategy.order("Profit", strategy.short, limit = profitLevel, oca_name = "Bracket", oca_type = strategy.oca.cancel)
strategy.order("Loss", strategy.short, stop = lossLevel, oca_name = "Bracket", oca_type = strategy.oca.cancel) // Make new drawings
for the `profitLimit` and `lossStop` lines. profitLimit :=
drawLimit(profitLevel, isLong = false)
lossStop := drawLimit(lossLevel, isLong = false, isStop = true)
if ta.change(strategy.closedtrades) > 0 // Stop extending the `profitLimit` and `lossStop` lines.
profitLimit.stopExtend()
lossStop.stopExtend()