I need some help with programming ATMs.
Thanks in advance for your time and assistance.
My strategies are as follow. Please see the attached images (couldn't get "insert image" to work) for what I have come up with so far but they don't seem to be working the way I intended.
1) ATM trailing stop strategy
Initial stop loss of 10 ticks
no profit target
move trailing stop to Breakeven +1 with a 5-tick profit trigger
then auto trailing 6-ticks to exit
2) Scale out strategy 1
Total quantity 4 contracts
Target 1
Exit 2 contracts
initial stop loss: 10 ticks
profit target: 5 ticks
move stop loss to breakeven plus one tick with profit trigger 5 ticks
Target 2 (same as Target 3)
Exit 1 contract
initial stop loss: 10 ticks
profit target: none
move stop loss to breakeven plus one tick with profit trigger 5 ticks
manually trail the stop to exit
Target 3 (same as Target 2)
Exit 1 contract
initial stop loss: 10 ticks
profit target: none
move stop loss to breakeven plus one tick with profit trigger 5 ticks
manually trail the stop to exit
It seems that the system is combining Target 2 and Target 3 as a single exit order of two units.
Is this so?
I’d like to see Targets 2 and 3 as two separate orders.
3) Scale out strategy 2
Total quantity 4 contracts
Target 1
Exit 2 contracts
initial stop loss: 10 ticks
profit target: 5 ticks
move stop loss to breakeven plus one tick with profit trigger 5 ticks
Target 2
Exit 1 contract
initial stop loss: 10 ticks
profit target: none
move stop loss to breakeven plus one tick with profit trigger 5 ticks
manually trail the stop to exit
Target 3
Exit 1 contract
initial stop loss: 10 ticks
profit target: none
move stop loss to breakeven plus one tick with profit trigger 5 ticks
then auto trailing stop 6 ticks to exit
I don’t know if the targets need to be in sequence. In this strategy, Target 3 may be filled before Target 2.
Thank you.
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