I have 2 issues with a strategy of mine.
1) I have a stop loss set to break even and then follow price. How can I prevent my stop loss from moving back to the previous level if price begins to pull back. Example: If price moves 10 ticks in my favor and my stop loss is set to move to AveragePrice + 4 ticks, if price moves back to 9 ticks profit or less, my stop loss will move back to the previous level, which would be my breakeven.
2) If I have an order in progress (lets say long position) and the conditions for a short order are met, my strategy will try to force close my long position and immediately open a short position. How can I stop this from happening and let my open position close on its own, then have my strategy wait until the conditions for another order is met? Currently, the strategy will force close and try to immediately open a short order, causing the strategy to crash and close.
Thank you very much,
Chris
Comment