Advanced execution

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Advanced execution

Postby daniel.kovacik » Thu Apr 09, 2015 10:01 pm

Hi,

Is there a way hot set up breakeven and sell half of the position, when I trigger buy/sell order manually?

Example: 5 pips SL, SL breakeven when 10 pips are reached but before sell half of the postion or curtain percent of postion... Move breakeven to only cover current commsional fees and than possibility to trigger trailing stop when for example 20 pips are reached. Also possibility to have 3 target points 1:x (loss:profit).

Parameters:
- Stop loss
- when to trigger breakeven (cover commisional fees or how much PiPs, price will breakeven move)
- amount of partial sell including commisional fees, so breakeven will already be only amount of reamaining commisional fees)
- when to trigger trailing stop and also for how much pips
(more options to chose, like ATR, SAR etc...)
- than option for 3 different limit orders for remaining size of position.


Not strategy!!
Just after manually opened positions...

PS: how to open 3 positions in same direction at same price just with one trigger buy/sell...
Each on of the postions will have their own limit and stop orders

Thanks
Regards,
DK
daniel.kovacik
FXCodeBase: Initiate
 
Posts: 163
Joined: Thu Jun 12, 2014 9:09 pm

Re: Advanced execution

Postby mstreck » Fri Apr 10, 2015 5:50 pm

IMHO, you will indeed Need a strategy that performs the Position Exit Management. No way to have this being done manually.

The FXCM apps site has a free app for three concurrent entries, i believe, but nothing for the trade management you mention.

Best regards,
Martin
mstreck
FXCodeBase: Initiate
 
Posts: 161
Joined: Wed May 30, 2012 1:42 am


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