Chart Trading: Difference between revisions
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Number of contracts for exit strategies applied to the open position changes taken into account strategies applied to filled orders and their effect on the overall position. In other words, strategies applied to the position protect the remainder that is not protected by strategies applied to individual orders. | Number of contracts for exit strategies applied to the open position changes taken into account strategies applied to filled orders and their effect on the overall position. In other words, strategies applied to the position protect the remainder that is not protected by strategies applied to individual orders. | ||
If a position was opened by an order that has an exit strategy attached from a flat position, then this strategy is applied to the entire position and “protects” it. | If a position was opened by an order that has an exit strategy attached from a flat position, then this strategy is applied to the entire position and “protects” it (see Eaxmple 2 below). | ||
Exit strategies applied to positions and strategies applied to orders are visually different on both on the chart and in the DOM: exits strategies applied to positions have “p” letter to the left of the number of contracts. | Exit strategies applied to positions and strategies applied to orders are visually different on both on the chart and in the DOM: exits strategies applied to positions have “p” letter to the left of the number of contracts. | ||
<div style="background-color: #E5F6FF;"> | <div style="background-color: #E5F6FF;">Example 1: | ||
# Open position is -1 contract. | # Open position is -1 contract. | ||
| Line 99: | Line 99: | ||
# Sell market order is filled. Open position is -4 contracts. Profit Target size is 1.</div> | # Sell market order is filled. Open position is -4 contracts. Profit Target size is 1.</div> | ||
<div style="background-color: #E5F6FF;"> | <div style="background-color: #E5F6FF;">Example 2: | ||
# Open position is flat. | # Open position is flat. | ||
# Buy market order for 100 contracts with a Master Strategy auto attached to it is sent to broker. | # Buy market order for 100 contracts with a Master Strategy auto attached to it is sent to broker. | ||
# Buy market order is filled. Master Strategy becomes active. Open position is +100 contracts. Master Strategy size is 100. | # Buy market order is filled. Master Strategy becomes active. Open position is +100 contracts. Master Strategy size is 100. | ||
# Buy stop order for 200 contracts is sent to broker. | |||
# Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300 (protects entire position since the position was opened by an order that has an exit strategy attached from a flat position).</div> | |||
<div style="background-color: #E5F6FF;">Example 3: | |||
# Open position is +50. | |||
# Buy market order for 100 contracts with a Master Strategy auto attached to it is sent to broker. | |||
# Buy market order is filled. Master Strategy becomes active. Open position is +150 contracts. Master Strategy size is 100 (attached to the order, not the position). | |||
# Buy stop order for 200 contracts is sent to broker. | # Buy stop order for 200 contracts is sent to broker. | ||
# Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300.</div> | # Buy Stop order is filled. Open position is +300 contracts. Master Strategy size is 300.</div> | ||
<div style="background-color: #E5F6FF;"> | <div style="background-color: #E5F6FF;">Example 4: | ||
# Open position is +10 contracts. | # Open position is +10 contracts. | ||
