Support Board
Date/Time: Tue, 11 Mar 2025 16:56:48 +0000
Post From: Question about stop management
| [2022-04-21 00:18:29] |
| User148596 - Posts: 217 |
|
Hi, no I do mean MAE. I’ll give you an example… I get long at $100 with a 10pt stop and a 10 pt target. Price moves against my position by 5pts. At this point I would like a trigger to automatically move my target from $110 down to $100 so that if price moves back to my entry my position will be closed. Currently I have to do this manually but with multiple targets it is difficult. I am setting a large emergency stop size in case sellers are extremely strong but with the hope that I will get a return move to my entry that will allow me to close the trade for a smaller loss while still protecting me on the downside with the emergency stop in case that return move doesn’t occur. Ideally at this point my stop could be triggered to trail back toward my entry even though the trade is still in losing territory. I know this is not a typical way of managing a trade so this optionally probably doesn’t exist but it would be a very unique functionality to have. |