Support Board

Date/Time: Thu, 02 May 2024 07:36:21 +0000

Post From: Stop Loss Order Management for Multiple Entries: Moving Stop Loss to Break Even

[2019-08-08 09:41:09] Link To Thread - Link To Post [Go To First Post]
User882915 - Posts: 32
Thanks for your feedback and the links. However, after testing it in SIM mode, I saw that unfortunately it is not working the way I asked for. (I went through the descriptions you sent the links of prior to posting my support request and could not see the functionality I described.) First of all, it does not work at all, if I put in several orders before one order has been filled. Yes, that limitation is described under one of the links you posted, however, I don't find it practical, as sometimes for fade trades I (and other traders I know) would like to put several orders in at different prices before price even gets there to fill the first order (using waiting limit orders to layer into a position, so to speak). I then tested it by waiting until one order got filled and only then adding a second order (to overcome above-mentioned limitation): Under those circumstances the moving of the stop loss was NOT triggered by a move of 5 ticks from the average entry price, but by a move of 5 ticks from the first entry price. And then the stop loss was also NOT moved to 1 tick above the average entry price but to 1 tick above the first entry price. So, bottom line is that it seems to me that the functionality I asked for is actually not supported, yet. I therefore hope that you will consider adding such a functionality in the future. Kind regards