Support Board
Date/Time: Mon, 25 Nov 2024 10:19:49 +0000
Post From: Request for Quantity NOT to be saved as part of TW configuration
| [2014-01-14 12:13:21] |
| phaedonk - Posts: 352 |
|
If you make these changes, please also consider the following suggestion which can make the attached orders logic much more powerful: Instead of determining the quantity for the target(s) and stop-loss, we should be able determine the percentage of the position to be closed at each target. For example, close 75% at first target and leave the rest until 2nd target or BE. This removes the need for user calculations (and possible errors) in the heat of trading, if for some reason he changes his mind on the initial quantities. The % closed at each target, if the calculated quantity is not an integer (e.g. we have 3 CL contracts, and we choose 50% for Target 1 and 2) can be rounded based on: a) maximum profit locking (exit 2 contracts at first target), or b) maximum profit potential (exit 1 at first target, hold more for the second). The above logic can lead to other interesting configurations, where quantity determination (and the fat finger errors that go with it) will matter less, for example: 'flatten-like' button that will Close half of the open position. I hope the above makes sense, I think it's a direction worth following. Thanks. Date Time Of Last Edit: 2014-01-14 12:13:35
|