by chimpy » Mon Jun 10, 2019 6:14 am
I was thinking of something along the same lines and was about to post something in discussions "Chart point and click Entry tool." as this idea is more of a tool than an indicator right?
In fast market or if you trade 20-30 instruments especially on the lower timeframes then constantly filling out order tickets really does slow you down.
Then when the market moves and you need to adjust your entry, stop, limit, then you have to do it all over again.
A lot of people use Fibonacci levels for Entry, Stop, Limit placement and something like this would save time. Perhaps the existing Fibonacci pops up box could be modified so, after you have measured some distance or other then you get a dialog to place and Entry order at level with Stop and Limit at lwhatever level. In the dialog box each fibonacci level has an order dropdown box
Plus an offset for the stop and limit, relative to it's respective level. (there can only be one stop limit and entry per fibonacci measurment)
Then on the parameters tab you could have a check box to turn this feature on and off, lot amount etc.
Does anyone else think this is a good idea?
chimpy
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