Master Exit Strategy

Questions about MultiCharts and user contributed studies.
momentum
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Master Exit Strategy

Postby momentum » 14 Apr 2011

1. There is no floor amount configurable for the Break Even part of the strategy
2. I cannot apply the strategy to a floating window after the position has been opened.

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Stan Bokov
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Re: Master Exit Strategy

Postby Stan Bokov » 14 Apr 2011

I think I know what you are referring to, but correct me if I am wrong.

1. You can set the amount for Breakeven and Trailing Stop if you click on the three little dots next to the names - "..."

2. Please post a screenshot. What do you mean by a floating window? The master strategy can be applied to open positions, either by dragging and dropping, or if you right-click on the Master Strategy and choose Apply to Open Position.

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Re: Master Exit Strategy

Postby momentum » 16 Apr 2011

Stan, by "floating window" I mean a detatched chart.
Tx, I found the little dots.

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Stan Bokov
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Re: Master Exit Strategy

Postby Stan Bokov » 18 Apr 2011

I assume everything is OK now. If it isn't, let me know by posting again.

SP
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Re: Master Exit Strategy

Postby SP » 18 Apr 2011

Hi Stan,

i have a problem with the master exit strategy and the trailing stop behaviour.
If i place a buy order and didnt get a fill, but the price goes over the Amount of Profit (orange line), the StopLoss gets moving up without having a postion.

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Stan Bokov
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Re: Master Exit Strategy

Postby Stan Bokov » 18 Apr 2011

Are you using MC beta2 or MCDT beta2? Which symbol and which resolution? Which data provider?

So, are your brackets autoapplied to a new order, or to a new position? And your order does not get filled, i.e. you are flat, yet the brackets are placed and become active? Or do they follow some other order that you have active?

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Re: Master Exit Strategy

Postby SP » 18 Apr 2011

I'm using MC beta2, trading NQM1 with IB and the DOM. Settings are 7 tick stop, 10 tick target and a trailing stop with Amount of Profit: 5, StopLoss 5.

If i place a buy limit at 2271 (picture 1) all lines are ok, but on the next tick as the market is above the trail stop activator at 2272,25 (the dark orange line) , the orange dash line moves from 2271 to 2272 (5 ticks behind the bid at 2273,25) and the dark orange line disappears (picture 2).
The trail should only move if a order was filled, not if you are flat.

I hope it is clear what i mean.
Attachments
TrailMovedwithoutPosition.jpg
Picture2
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EntrywithLimit.jpg
Picture1
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Stan Bokov
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Re: Master Exit Strategy

Postby Stan Bokov » 19 Apr 2011

Thank you for clarifying. The issue has been confirmed as a bug, it will be fixed in the next beta.


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