Master Strategy: Difference between revisions
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[[File:MasterStrategyInDOM.png|thumb|right|Master Strategy in the DOM widow]] | [[File:MasterStrategyInDOM.png|thumb|right|Master Strategy in the DOM widow]] | ||
The Master Exit Strategy is a multi-level strategy where all components interact closely with one another. Multiple bracket levels, trailing stops, breakevens, and all levels may be set so they are constantly synced with one another. It’s an essential tool for scaling-in and scaling-out of positions and for pyramiding positions. | The Master Exit Strategy is a multi-level strategy where all components interact closely with one another. Multiple bracket levels, trailing stops, breakevens, and all levels may be set so they are constantly synced with one another. It’s an essential tool for scaling-in and scaling-out of positions and for pyramiding positions. | ||
Trigger level for Buy order should be reached on the Ask price at broker in order to activate the Trailing stop order. Trigger level for Sell order should be reached on the Bid price at broker in order to activate the Trailing stop order. | |||
Trigger level for Buy order should be reached on the Ask price at broker in order to activate the Breakeven order. Trigger level for Sell order should be reached on the Bid price at broker in order to activate the Breakeven order. | |||
==Appearance == | ==Appearance == | ||
The appearance of the Master Strategy in the DOM window and on the chart depends on the selected type of orders to be used in it. Master Strategy can include visual markers of the [[Bracket#Appearance|Bracket]], [[Breakeven#Appearance|Breakeven]] and [[Trailing Stop#Appearance|Trailing Stop]] strategies. | |||
The appearance of the Master Strategy in the DOM window and on the chart | |||
For the '''chart window''', connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu. | For the '''chart window''', connecting line length can be modified in [[Chart Trading#Appearance|Format Chart Trading]] menu. | ||
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For each master strategy level the strategy type can be selected: | For each master strategy level the strategy type can be selected: | ||
* Check '''Breakeven''' check box (see [[Breakeven]] Strategy) | * Check '''Breakeven''' check box to apply this strategy type to a particular level. Click on the dots next to Breakeven to set its parameters (see [[Breakeven]] Strategy). | ||
* Check '''Trailing Stop''' check box (see [[Trailing Stop]] Strategy) | * Check '''Trailing Stop''' check box to apply this strategy type to a particular level. Click on the dots next to Trailing Stop to set its parameters (see [[Trailing Stop]] Strategy). | ||
* If both these types are unchecked, the Master Strategy level will work as a '''Bracket Strategy''' (see [[Bracket]] Strategy). | * If both these types are unchecked, the Master Strategy level will work as a '''Bracket Strategy''' (see [[Bracket]] Strategy). | ||