Fade Strategy: Difference between revisions
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[[Image:Fade Strategy on the chart.png|thumb|right|Fade Strategy on the chart]] | [[Image:Fade Strategy on the chart.png|thumb|right|Fade Strategy on the chart]] | ||
[[Image:Fade Strategy in DOM.png|thumb|right|Fade Strategy in the DOM window]] | [[Image:Fade Strategy in DOM.png|thumb|right|Fade Strategy in the DOM window]] | ||
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The Fade Strategy will place two limit orders at the prices (distance) specified, so fading can start when the price moves. A buy limit order will be placed below the current price and a sell limit order above the current price. | The Fade Strategy will place two limit orders at the prices (distance) specified, so fading can start when the price moves. A buy limit order will be placed below the current price and a sell limit order above the current price. | ||
==Appearance== | |||
Fade Strategy orders are displayed as olive drab markers on the chart connected to the order price labels on the price scale with a dotted line and as olive drab markers in the DOM window. | Fade Strategy orders are displayed as olive drab markers on the chart connected to the order price labels on the price scale with a dotted line and as olive drab markers in the DOM window. | ||
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For the '''[[Depth of market (DOM)|DOM window]]''', default Fade Strategy order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu. | For the '''[[Depth of market (DOM)|DOM window]]''', default Fade Strategy order marker color can be modified in [[Depth of market (DOM)#How to Customize DOM Colors|Format Colors]] menu. | ||
==Creating Fade Strategy orders== | |||
Create Fade strategy orders by one of the following methods: | Create Fade strategy orders by one of the following methods: | ||
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* Double-click the Fade Strategy icon http://www.multicharts.com/img/wiki/strategies/16.png in the '''[[Chart Trading#Place Order|Place Order]]''' menu. | * Double-click the Fade Strategy icon http://www.multicharts.com/img/wiki/strategies/16.png in the '''[[Chart Trading#Place Order|Place Order]]''' menu. | ||
==Fade Strategy Parameters== | |||
To modify default Fade strategy parameters: | To modify default Fade strategy parameters: | ||
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Click '''More Parameters >>''' to show '''Qty''' and '''Time In Force''' fields (for more info see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]] and [[Chart Trading#Setting Time in Force|Time in Force]] sections). | Click '''More Parameters >>''' to show '''Qty''' and '''Time In Force''' fields (for more info see [[Chart Trading##Setting Order Quantity|Setting Order Quantity]] and [[Chart Trading#Setting Time in Force|Time in Force]] sections). | ||
==Saving as Template== | |||
To save the parameters as a template: | To save the parameters as a template: |