Operations > Order Entry > Basic Entry >

Adding or Removing Targets

Print this Topic Previous pageReturn to chapter overviewNext page

playVideo

 

How to add or remove targets

If you have an active ATM Strategy displayed in the Basic Entry window, you can add or remove targets. For example, you may have a 2 contract position with 1 Stop Loss and Profit Target for 2 contracts each. You may decide to split this target (add target) so that you can exit the final contract at a higher price. You can add or remove a target via the right mouse click context menu when an active ATM Strategy is selected in the strategy control list.

 

It is important to understand the following logic:

You can have a maximum of 3 Profit Targets (if you had 3 Profit Targets and the first two Profit Targets are filled you can not split the 3rd target)
If you have 1 Profit Target and you remove a Profit Target, you will be left with a Stop Loss order only
New Profit Targets are added 4 ticks from your current outside Profit Target for futures, $0.20 for stocks

 

Basic_Entry_14