Support Board
Date/Time: Thu, 13 Feb 2025 08:45:32 +0000
Post From: order entry and exit
| [2020-11-24 20:41:26] |
| coachted - Posts: 348 |
|
I am currently working on a strategy that I would enter at 3 different levels.... I would like to know could SC can automate a stop based on the average of the entries and also can SC scale out based on the average of those entries? for example: +1 contract @ 97.5, +2 contracts @96.25, and 3 contracts @ 95... avergae price = 95.83...a stop would be entered at 3.25 rounded down to the nearest .25...so this stop would be 92.5 the exit would consist of 1st target, 1/3 the position, at +2 pts from the average, the second target would be +4.5 rounded down to the nearest .25 ( so for this example the target would be 100.25), and the remaining contract would have a trailing stop after the 2nd target is hit...the trailing stop would of 62% retracement from the highest price from the average entry price..so for this example avg entry is 95.83....lets hypothetically state that price goes to 104....that is a difference of 8.17...i would like the trailing stop to be 98.93 (round down to the nearest .25, so in essence 98.75)...the price would trail at the fixed 62% retracment level or until moved manually, filled, or cancelled. |