I want to set up ATM to do something fairly complicated, not sure if anyone can figure out how to do it. I'd like to have a 10 point profit target and 5 point stop loss in Nasdaq NQ futures,
but I'd also like .....if price goes 5 points in my favor then move stop loss up to break even......and if price goes up 7 points in my favor I'd like to move break even up to 5 points if price should start heading down
Here's an example: I buy one contract at 6903. Price goes to 6907 and then reverses. My stop kicks in at 6898. Same scenario...I buy at 6903 but price goes to 6908 and reverses I get stopped out at 6903 to break even. Third scenario...I buy 6903 and price goes up to 6910 and then reverses...I get stopped out at 6908. Finally,I buy at 6903 and price goes to 6913 I sell at 6913
thanks for any help
Comment