Split scale out of trade

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10/20/2018 at 3:05 PM #83229 quote

oimedia
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New

Is there a way to set up a trade it has multiple limits attached? what I be able to do is open a trade which 2 limit orders attached, open one at 33% of target and the other at 66% of target, after it hits target 2 it then trails the stop by say 20 points, Any body know a way to do this?

10/20/2018 at 3:52 PM #83236 quote
Vonasi
Moderator

Master
Welcome to the forums. I see that this is your first post. I have moved your topic to the correct forum for ProOrder strategy questions and discussions as you posted in the PRT platform support section which is for issues and discussions regarding the platform itself. Please try to post in the correct forum with future topics. 🙂

You can place orders at any price using LIMIT and STOP orders such as:
```
Buy 1 contract at x limit

Buy 1 contract at x stop
```
LIMIT orders buy/sell at a more favourable price and STOP orders at a less favourable price than the current close.

These orders last for one bar only so if you want the order to stay on the market until the price is hit then you will need to repeat the order at every new bar.

As for trailing stops – there is plenty of coding examples and ideas already on the forum – try the search box that you find by clicking the down arrow next to your profile picture at the top right of the page. Type in ‘trailing stop’ and plenty of useful stuff is available.
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Split scale out of trade

ProOrder: Automated Strategies & Backtesting

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oimedia @oimedia Participant

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This topic contains 1 reply,
has 2 voices, and was last updated by Vonasi
7 years, 4 months ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	10/20/2018
Status:	Active
Attachments:	No files

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