Hi bc, ok here are my answers to your questions:
Example #1 you placed the highs and lows, one triggered, took profit, closed, what to do with the other one?
I will cancel the other order if the first triggered is profitable.
Example #2 you place the high and lows, one triggered and reached stop loss, closed, what to do with the other one?
If the initial order is triggered and stopped out, stick with the second order and let it triggers if it should.
Example #3 you place the high and lows, one triggered and (in a range market) reached the other trigger without TP or SL....what to do with both of the positions?
Alright, this is a bit complicated, if the SL is wider than the range to the other pending order, set your SL to the High or the Low on the opposite, when the SL is hit, the second order will be triggered as well.
Please note that all this can be adjusted to your own money management. This key is the entry point of this method.
Last edited by Pipcrawler; 04-08-2007 at 01:40 AM.
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