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<< Click to Display Table of Contents >> Server Side Stop Strategy |
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Server Side Stop Strategy
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<< Click to Display Table of Contents >> Server Side Stop Strategy |
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A Stop Strategy is an extension of an ATM Strategy. It allows you to combineAuto Breakeven, Auto Trail, or using both with Auto Breakeven + Auto Trail for the management and automatic adjustment of your Stop Loss orders.
When setting up an ATM Strategy, you can select either None, Auto Breakeven, Auto Trail, or Auto Breakeven + Auto Trail before entering a position as part of a stop strategy.
When selecting Auto Breakeven, Auto Trail, or Auto Breakeven + Auto Trail the related Stop Strategy Dialog window will appear.
Understanding the Server Side Auto Breakeven parameters
The Auto Breakeven feature will adjust your Stop Loss order to breakeven (average entry price for the ATM Strategy position) once a user defined Profit Trigger has been reached.
Auto Breakeven Parameters
Auto Breakeven Example
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Understanding the server side Auto Trail parameters
Auto Trail is a powerful stop strategy that allows you to be more liberal with your Stop Loss at the early stage of your trade and tighten your Stop Loss as your profits in your trade increase.
Auto Trail Parameters
Auto Trail Example:
•Stop loss - 6 ticks •Profit Trigger - 4 ticks •Frequency - 2 ticks
Your Stop loss will move 6 ticks behind the current price... ... after the price has moved 4 ticks in your favor... ... and your Stop loss will continue to trail 6 ticks behind the current price with ever additional 2 ticks in your favor.
Average Entry - 1000 Long (SP Emini contract) The market moves up to 1001 and the Auto Trail is triggered (Average Entry + Profit Trigger = 1000 + 4 ticks = 1001) and the Stop Loss is adjusted to 999.50 (1001 - Stop Loss = 1001 - 6 ticks = 999.50). For every additional 2 ticks (Frequency of 2 ticks) the Stop Loss will be adjusted by 2 ticks.
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Understanding the server side Auto Breakeven + Auto Trail parameters
Auto Trail is a powerful stop strategy that allows you to be more liberal with your Stop Loss at the early stage of your trade and tighten your Stop Loss as your profits in your trade increase.
Auto Breakeven Parameters
Auto Trail Parameters
Auto Breakeven + Auto Trail Example:
Auto Breakeven •Profit Trigger - 10 ticks •Plus - 2 ticks
Auto Trail •Profit Trigger - 4 ticks •Frequency - 2 ticks
Average Entry - 1000 Long (SP Emini contract) The market moves up to 1002.50 and the Auto Breakeven Profit Trigger is activated (Average Entry + Auto Breakeven Profit Trigger = 1000 + 4 ticks = 1002.50) and the Auto Breakeven Plus adjusts the Stop Loss to 1000 (Average Entry + Auto Breakeven Plus = 1000 + 0 = 1000). Next, the market moved up to 1003.75 and the Auto Trail Profit Trigger is activated (Average Entry + Auto Trail Profit Trigger = 1000 + 15 ticks = 1003.75) and the Stop loss is adjusted to 1002.50 (1003.75 - Stop loss = 1003.75 - 5 ticks = 1002.50). For every additional tick (Frequency of 1) the Stop loss will be adjusted by 1 tick. |
