What's happening is that both contracts are closing out at 5 ticks profit instead of just one. Appreciate help on how to correctly set this up where contract 2 keeps running.
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Strategy - 2 contracts
I have a strategy where contract 1 is set to take profit at 5 ticks and contract 2 has no take profit. Both contracts have a 6 tick stop and are set to break even at 6 ticks profit.
What's happening is that both contracts are closing out at 5 ticks profit instead of just one. Appreciate help on how to correctly set this up where contract 2 keeps running. -
Hi srbdoc,
Thanks for the post.
Here are screenshots of the ATM strategy and stop strategy window for the second target:
http://screencast.com/t/EI1zwNqcGf
http://screencast.com/t/BShBnP6Y
With these settings, the first target will hit its profit target at 5 ticks in profit, and the second target will move to break even after 6 ticks in profit. Since the first target's profit target is "5", having a break even of 6 ticks will be unecessary as this contract will have already filled.
For more information on ATM strategies, please visit the links below:
Help Guide - Advanced Trade Management
Webinar - Advanced Trade Management Level I
Webinar - Advanced Trade Management Level II
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