hi everyone, recently Kyle and William shared an awesome hotkey EQUALIZED RISK PER TRADE.
ex. Long with $10 risk: stop loss & share# is calculated automatically:
StopPrice=Price-0;DefShare=BP*0.925;Price=Ask-Price+0.00;SShare=10/Price;Share=DefShare-SShare;DefShare=DefShare+SShare;SShare=Share;Sshare=DefShare-SShare;Share=0.5*SShare;TogSShare;ROUTE=SAGSL;Price= Ask+0.05;TIF=DAY+;BUY=Send;DefShare=200;TriggerOrder=RT:STOP STOPTYPE:MARKET PX:StopPrice-0.05 ACT:SELL STOPPRICE:StopPrice QTY:Pos TIF:DAY+;
in order to answer Jramosent question I was wondering since the stop loss is known in this scrip, is there a way to add a profit target where it sells 25% of my position at 2-1, 3-1, 4-1, etc....?
Thank you!