Chart Trading: Difference between revisions
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Dave Masalov (talk | contribs) |
Dave Masalov (talk | contribs) |
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Exit strategies applied to positions and strategies applied to orders are visually different on both on the chart and in the DOM: exits strategies applied to positions have “p” letter to the left of the number of contracts. | Exit strategies applied to positions and strategies applied to orders are visually different on both on the chart and in the DOM: exits strategies applied to positions have “p” letter to the left of the number of contracts. | ||
<div style="background-color: #E5F6FF;">Example 1: | <div style="background-color: #E5F6FF;">Example 1 - Shows exit strategy attached to the individual order: | ||
# Open position is -1 contract. | # Open position is -1 contract. | ||
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# Sell market order is filled. Open position is -4 contracts. Profit Target size is 1.</div> | # Sell market order is filled. Open position is -4 contracts. Profit Target size is 1.</div> | ||
<div style="background-color: #E5F6FF;">Example 2: | <div style="background-color: #E5F6FF;">Example 2 - Shows exit strategy auto-attached to an order opening the position from a flat position: | ||
# Open position is flat. | # Open position is flat. | ||
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# Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300 (protects entire position since the position was opened by an order that has an exit strategy attached from a flat position).</div> | # Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300 (protects entire position since the position was opened by an order that has an exit strategy attached from a flat position).</div> | ||
<div style="background-color: #E5F6FF;">Example 3: | <div style="background-color: #E5F6FF;">Example 3 - Shows exit strategy attached to the entire position: | ||
# Open position is +50 contracts. | # Open position is +50 contracts. | ||
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# Buy market order is filled. Master Strategy becomes active. Open position is +150 contracts. Master Strategy size is 100 (attached to the order, not the position). | # Buy market order is filled. Master Strategy becomes active. Open position is +150 contracts. Master Strategy size is 100 (attached to the order, not the position). | ||
# Buy stop order for 200 contracts is sent to broker. | # Buy stop order for 200 contracts is sent to broker. | ||
# Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300.</div> | # Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300(attached to the position).</div> | ||
<div style="background-color: #E5F6FF;">Example 4: | <div style="background-color: #E5F6FF;">Example 4 - Shows both exit strategy attached to the entire position and esit strategy attached to the individual order: | ||
# Open position is +10 contracts. | # Open position is +10 contracts. | ||
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# Buy stop order is filled. Stop-Loss #2 becomes active. Open position is +15 contracts. Stop-Loss #1 size is 10. Stop-Loss #2 size is 5. | # Buy stop order is filled. Stop-Loss #2 becomes active. Open position is +15 contracts. Stop-Loss #1 size is 10. Stop-Loss #2 size is 5. | ||
# Buy market order for 10 contracts is sent to the broker. | # Buy market order for 10 contracts is sent to the broker. | ||
# Buy market order is filled. Open position is +25 contracts. Stop-Loss #1 size becomes 20 (attached to the position). Stop-Loss #2 size is 5(attached to the order, not the position).</div> | # Buy market order is filled. Open position is +25 contracts. Stop-Loss #1 size becomes 20 (attached to the position). Stop-Loss #2 size is 5 (attached to the order, not the position).</div> | ||
'''OCO-Orders''' | '''OCO-Orders''' |