1) There are two ES contracts entered, each with a different initial Profit Target.
2) Both ES contracts have an initial 5 tick Stop Loss in place.
3) The first ES contract has a Profit Target of 8 ticks and the second ES contract has a Profit Target of 12 ticks.
4) The 'Auto break even' Stop Strategy will kick in once the first and second positions have a 6 tick profit (1254.50 + 1.5 = 1256)? At that price (1256) the stops will move to
break even?
5) So the Stop Loss on the first position will move to break even 2 ticks before the Profit Target is hit and the Stop Loss on the second position will move to break even 6 ticks before the Profit Target is hit?
6) The 'Auto trail' Stop Strategy will kick in once the first and second positions have an 8 tick profit (1254.50 + 2 = 1256.50)? At that price (1256.50) the stops will trail the current price by 4 ticks (1255.50)?
7) Each time prices move up by 1 tick (Frequency), the Stop Loss will be adjusted up for each position to be trailing by 4 ticks?
So if the price moved up to 1256.75 (from 1256.50) then the stop would move up to 1255.75 (from 1255.50)?
My head is really sore now...
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