Hi,
In TS, when you use a "Stop and Reverse Strategy", you must send two orders. Ex if you are long +100 you must sell -100 and then sell short -100.
Concerning fees, it is better to sell short -200.
Do MC act the same way as TS ?
If yes, is there a solution to reverse a position with one order.
Thanks
Stop and Reverse strategies [SOLVED]
[SOLVED]
MultiCharts works the same way as TS. In your case use "Sell short 100". The "Sell short" command will reflect your final net position. This means that "Sell short 100" will close your long position (no matter what is long position size) & sell short 100 contracts simultaneously. So your final net position will be -100.
Sorry, let me be more specific.
If I am long +100 and want to become short -100.
Do MC send 2 orders ( one to close the long and one to be short -100 ) or just one ( sell short -200 ) ?
I am talking about automated trading ( with IB for instance ).
TS is sending two orders in this case and that is not good concerning fees ( for the customer of course not for them !)
If I am long +100 and want to become short -100.
Do MC send 2 orders ( one to close the long and one to be short -100 ) or just one ( sell short -200 ) ?
I am talking about automated trading ( with IB for instance ).
TS is sending two orders in this case and that is not good concerning fees ( for the customer of course not for them !)