Announcement

Collapse
No announcement yet.

pyramiding with exit strategies

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • pyramiding with exit strategies

    I have an exit strategy with a stop and target, which I use on the DOM with manual trade entry. But when I try to buy again (pyramiding) using the same exit strategy, the strategy changes the prices of my stop & target orders from the first entry. Is there a way to pyramid with stops & targets that get submitted when the entry order is filled?
    thanks.

  • #2
    if you have a stop and target pre programmed
    to let say 10 tic profit and 6 tic stop...every time you enter its going to enter those parameters if you want the stop and target to be like the first entry enter manually with no strategy and increase the contract size on the stop and profit target that way they are all at the same price while you are pyramiding.

    Comment


    • #3
      I think I need to explain some more details. For each unit of the pyramid, I have 3 contracts. All 3 contracts have a 6 tick stop, but only 1 contract has a target.
      If I enter two units at two different prices, I should have :
      a) a position of 6 contracts (with two different entry prices)
      b) two stop orders of 3 contracts each (at two different prices)
      c) two target orders of 1 contract each (at two different prices)

      The only way in MC that I know to get stop orders for 3 contracts with only 1 contract target is by using a Master Strategy. But that doesn't work because when I enter my second unit, the master strategy changes both sets of stop orders to the same price, and changes both sets of target orders to the same price.
      How do I set it up to keep the original prices for each unit of the pyramid?

      Comment


      • #4
        Please contact us at [email protected] so we can get on tech and help you.

        Comment


        • #5
          MultiCharts | AMP's FREE Special Edition | Master (Exit Strategy)

           

          Comment

          Disclaimer: There is a risk of loss in trading futures, forex and options. Futures, forex and options trading are not appropriate for all investors. Only risk capital should be used when trading futures. All information is for educational use only and is not investment advice. Past performance is not indicative of future results.

          This website is hosted and operated by AMP Global Clearing, LLC ("AMP"), which provides brokerage services to traders of futures and foreign exchange products. This website is intended for customer support, educational and informational purposes only and should NOT be viewed as a solicitation or recommendation of any product, service or trading strategy. No offer or solicitation to buy or sell derivative or futures products of any kind, or any type of trading or investment advice, recommendation or strategy, is made, given, or in any manner endorsed by AMP and the information made available on this Web site is NOT an offer or solicitation of any kind. The content and opinions expressed on this website are those of the authors and do not necessarily reflect the official policy or position of AMP.

          All Users and Contributors along with their websites, products and services, are independent persons or companies that are in no manner affiliated with AMP. AMP is not responsible for, do not approve, recommend or endorse any User and/or Contributor Content referenced on this website and it’s your sole responsibility to evaluate All Content. Please be aware that any performance information provided by a user and/or contributor should be considered hypothetical.

          HYPOTHETICAL PERFORMANCE RESULTS HAVE MANY INHERENT LIMITATIONS, SOME OF WHICH ARE DESCRIBED BELOW. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN. IN FACT, THERE ARE FREQUENTLY SHARP DIFFERENCES BETWEEN HYPOTHETICAL PERFORMANCE RESULTS AND THE ACTUAL RESULTS SUBSEQUENTLY ACHIEVED BY ANY PARTICULAR TRADING PROGRAM.

          ONE OF THE LIMITATIONS OF HYPOTHETICAL PERFORMANCE RESULTS IS THAT THEY ARE GENERALLY PREPARED WITH THE BENEFIT OF HINDSIGHT. IN ADDITION, HYPOTHETICAL TRADING DOES NOT INVOLVE FINANCIAL RISK, AND NO HYPOTHETICAL TRADING RECORD CAN COMPLETELY ACCOUNT FOR THE IMPACT OF FINANCIAL RISK IN ACTUAL TRADING. FOR EXAMPLE, THE ABILITY TO WITHSTAND LOSSES OR TO ADHERE TO A PARTICULAR TRADING PROGRAM IN SPITE OF TRADING LOSSES ARE MATERIAL POINTS WHICH CAN ALSO ADVERSELY AFFECT ACTUAL TRADING RESULTS. THERE ARE NUMEROUS OTHER FACTORS RELATED TO THE MARKETS IN GENERAL OR TO THE IMPLEMENTATION OF ANY SPECIFIC TRADING PROGRAM WHICH CANNOT BE FULLY ACCOUNTED FOR IN THE PREPARATION OF HYPOTHETICAL PERFORMANCE RESULTS AND ALL OF WHICH CAN ADVERSELY AFFECT ACTUAL TRADING RESULTS.

          AMP has NOT endorsed or recommended the use any product, services offered by any 3rd party User or Contributor on this forum. No person employed by, or associated with, AMP is authorized to provide any information about any 3rd party User or Contributor content. All specific brokerage related questions should be directed towards AMP.

          Copyright © 2017. All rights reserved.

          Working...
          X