Chart trader and individual positions and exits

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evdl
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Chart trader and individual positions and exits

Postby evdl » 30 Apr 2014

Is it possible to take multiple positions with individual exits/targets.

For example:

Buy 1 future at 9.00 cet and set targets for this position

Buy 1 future at 9.10 cet and set targets for this position.

The total position is then 2 futures, but I do not want to average the stoploss/profit target or trailingstop. Each position must have their own targets. Is this possible? I already read the settings for chart trading (all position, all orders, first position then all orders). But I can't figure out how this works as it keeps averaging the stoploss and profit target.

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TJ
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Re: Chart trader and individual positions and exits

Postby TJ » 30 Apr 2014

Is it possible to take multiple positions with individual exits/targets.
For example:
Buy 1 future at 9.00 cet and set targets for this position
Buy 1 future at 9.10 cet and set targets for this position.
The total position is then 2 futures, but I do not want to average the stoploss/profit target or trailingstop. Each position must have their own targets. Is this possible? I already read the settings for chart trading (all position, all orders, first position then all orders). But I can't figure out how this works as it keeps averaging the stoploss and profit target.
How does your broker handle this?

evdl
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Re: Chart trader and individual positions and exits

Postby evdl » 30 Apr 2014

My broker is IB and they keep track of the total position with an average price.

What I would like MC to do, is keep track of the individual trades, or at least the individual targets.

I don't mind that MC is showing the total position and average price on the chart. But I would like to have the individual targets.

When you take a position the targets are created. Store that value somewhere and keep track of it. With autotrader I can do this with the help of a signal/strategy. But with the chart trader I don't know if this is possible.

I am experimenting with the chart trader at the moment. And what I see is that the targets of the first trade are being averaged when you take a second trade and the second trade is created with is own new targets. Resulting in double targets. Not sure if this is how it should work.

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Re: Chart trader and individual positions and exits

Postby evdl » 30 Apr 2014

In the attachment you can see an example of the targets that are created after taking two positions

First I took a position of 2 futures at around 9600 and later I took a second position of another 2 futures around 9602.

The first trade is averaged (profit target and stoploss) after taking the second trade and is seen on the chart with 4 futures. The targets for the second trade are displayed with 2 futures.

What I think it should do is creating two profit/stoploss targets with each 2 futures and not 4 and 2 futures, which is in total 6 futures. 2 more then the total position. The trailing trigger seems to be ok with two different values, but it did not hit the triggers, so I can not say it will trail the individual trades or not or also average the total position.

In this example, I used the setting "all orders" in the chart trading settings. But this behaviour is the same with the other settings.
Attachments
Example.png
(161.13 KiB) Downloaded 631 times

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Andrew MultiCharts
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Re: Chart trader and individual positions and exits

Postby Andrew MultiCharts » 01 May 2014

Hello evdl,
Image

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Re: Chart trader and individual positions and exits

Postby evdl » 02 May 2014

Thanks Andrew for the reply.

I applied the settings and restarted MC. Then the first attempt at taking two different trades, it worked. And I could see the individual targets. (with a master strategy). Except for the trailing trigger it did not work.

With the second attempt, without changing anything, it did not work anymore and I got the result as described in the first post.

I will go to live chat as soon as possible.

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Andrew MultiCharts
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Re: Chart trader and individual positions and exits

Postby Andrew MultiCharts » 05 May 2014

Studying the case. Will let know the results as soon as we finish.

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Andrew MultiCharts
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Re: Chart trader and individual positions and exits

Postby Andrew MultiCharts » 08 May 2014

evdl,

I have to ask you to come to our live chat again, we will need to reproduce the issue one more time and collect more information. Thank you for understanding.


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