I am trying to figure out how to trigger a predefined order at a certain option price. Here is my example:
Say I have 10 contracts of AMD 75 Calls, and I bought them at $2.00 per contract.
I have this hotkey/script "CXL ALLSYMB;ROUTE=LIMIT;Price=Bid;Share=Pos*0.5;TIF=DAY+;SELL=Send;Price=Ask-AvgCost-0.02;TriggerOrder=RT:STOP STOPTYPE:TRAILING StopPrice:Price TrailPrice=Round2 ACT:SELL QTY:POS TIF:DAY+"
that I want to fire off automatically when the option price hits $2.50
I have not been able to figure out a way to do this. Any help would be greatly appreciated
This is brilliant, I appreciate the time and efforts you put into this
I just have a question, on the fixed risk hotkeys, if I choose $50 on for each trade but the stop range is changing (10c, 20c, 50c....)
How can I do that, or can you show me where can I change it on the code please ?
Thank you, that was helpful
I did not understand the fixed risk on the videos, if risk is $50 we should be able to chose the stop range (10c, 20c, 50c...)
but on Kyle's excel sheet I could not find where to configure it
but this was helpful, I think I will use this without the TP at 20%