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By tradinglounge · Posted
Elliott Wave Analysis TradingLounge Daily Chart, Cadarno/ U.S. dollar(ADAUSD) ADAUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Flat Position: Wave C Direction Next higher Degrees: wave (II) of Impulse Wave Cancel invalid level: Details: Wave II Is equal to 61.8% of Wave I at 0.358 Cadarno/ U.S. dollar(ADAUSD)Trading Strategy: The second wave correction in the Expanded Flat pattern, where we are in the middle of a decline in Wave C, will have five extended internal sub-waves. But we still have one more decline left for Wave C to complete. So wait for the correction to complete to rejoin the trend. Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a Dow trend, The Wave Oscillator is a Bearish Momentum. Elliott Wave Analysis TradingLounge H4 Chart, Cadarno/ U.S. dollar(ADAUSD) ADAUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave 4 Direction Next higher Degrees: wave C of Flat Wave Cancel invalid level: Details: A short-term pullback in wave 4 before falling again in wave 5. Cardano/ U.S. dollar(ADAUSD)Trading Strategy: The second wave correction in the Expanded Flat pattern, where we are in the middle of a decline in Wave C, will have five extended internal sub-waves. But we still have one more decline left for Wave C to complete. So wait for the correction to complete to rejoin the trend. Cardano/ U.S. dollar(ADAUSD)Technical Indicators: The price is below the MA200 indicating a Dow trend, The Wave Oscillator is a Bearish Momentum. Technical Analyst : Kittiampon Somboonsod Source : Tradinglounge.com get trial here! -
Longed with a lower lev🤞..
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Question
wki
Hi, I am struggling to figure out why IG Rest API is asking for a stop_level when I am trying to update the trailing stop. This is the python code I am trying to run:
response = ig_service.update_open_position(deal_id='XXXXX',limit_level=None, stop_level=None, trailing_stop=True, trailing_stop_distance=25, trailing_stop_increment=1)
print(response)
output:
IGException: {"errorCode":"validation.not-null-conditional-set-value.request"}
If I change stop_level to: latest price - (the trailing_stop_distance + trailing_stop_increment) then it updates ok, but why do I need to specify the stop_level if its a trailing stop? The stop_level will change as the price goes up and it shouldn't make a difference what I provide as stop_level surely, as long is the trailing_stop_distance meets the rules? Am I missing something? When I created the trade via the create_open_position endpoint, I had stop_level = None and a stop_distance and it went through ok.
Edited by wkiLink to comment
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