Support Board
Date/Time: Wed, 27 Nov 2024 20:34:47 +0000
Post From: How to prevent separate orders from being combined while in Chart Trading
| [2023-03-10 18:02:16] |
| n8trading - Posts: 36 |
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I'd like to see something like this, but a slightly different idea: Every time you scale in (i.e. add X contracts to an open position), a separate stop is created for that set of additional contracts (which is currently possible by having Support Scale In turned off), BUT, keep the same take profit/target and add those additional contracts (and subtract when you scale out of some the contracts) to it with the value that it would be if the market gets to that target. So, you would only have separated stops when you scale into a position (so that you can scale out/reduce your position size if the market goes against you), but have a single target order that shows the aggregate of all current open contracts. I'm not the best at explaining things so hopefully this makes sense. And this idea is based on LIFO. Also, would love to hear if you guys see any reason why this would NOT be a good idea. Thanks! |