take manual control from a running automatic trade

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  • #21493 quote
    Kit
    Participant
    Junior

    Hi Nicolas _ Compliments of the season!

    V3 is now available on IG.  I expected to find on V3 the ability to hand over control of a running pro-order trade to manual, that is without closing the position.  I tried a demo trade, but couldn’t find this feature.  I seem to remember that this was a feature promised for V3. Am I wrong?

    Kit

    #21535 quote
    Nicolas
    Keymaster
    Master

    You can take control of ProOrder positions, even in v10.2, but the system that generate these positions will be stopped automatically.

    #21647 quote
    Kit
    Participant
    Junior

    Hi Nicolas. I would like to motivate development by PRT of a facility to allow the trader to take manual control of a running trade entered in Pro-Order.

    I’m a discretionary trader risking a fixed percentage of my trading account on the next trade, entering at market on the closing of a trigger bar, with a stop immediately beyond the last swing point. The stop distance with allowances for spread if applicable and estimated slippage and consequently the position size is known only at the precise time of the close of the trigger. Accurate setting and an instantaneous entry signal can only be achieved by a programmed entry using an algorithm in Pro-Order that recognises the trigger bar and stop level and, given the current value of monetary risk and the formulae,  calculates the position size. Attempts to do all this by hand as the closing time approaches will result in approximations of correct position size and hence of monetary risk, and delays in the entry signal, increasing the potential slippage, to the detriment of the trading system. Once in the trade, triggered in Pro-Order, I would want to take over control of the trade and manually manage it to a close.

    I would appreciate it if you would take this request further with PRT.

    #21655 quote
    Nicolas
    Keymaster
    Master

    I agree with you, I’d like to be assist by automated program in my day trading too. This is something I already have submit to PRT , it is also on my “wish list” 🙂

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take manual control from a running automatic trade


Platform Support: Charts, Data & Broker Setup

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Kit @kit Participant
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This topic contains 3 replies,
has 2 voices, and was last updated by Nicolas
9 years, 1 month ago.

Topic Details
Forum: Platform Support: Charts, Data & Broker Setup
Language: English
Started: 01/17/2017
Status: Active
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