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kmcintyre

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Posts: 410

Joined: 8/30/2007
Location: Valley Center, CA

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Subject : troubles with limit take profit stop
Posted : 5/26/2019 11:50 AM
Post #46207

I have an OL #stop that sets ExitLevel to the price I want my trade plan to take profits at.

In my trade plan I have a condition that has my OL stop enabled.

So far so good, except the stop is not exiting the position.

Which brings me to the Orders pane of my trade plan. I have -
Sell 100& Limit GTC selected in the top line.

In the second line I have -
0 Points Above Last 14 (for ATR Periods which is NA) and 5 for TIF (which is the default and I don't think really applies...)

What I want to happen is the ExitLevel specified in my #stop to be the Limit price, and for the TP to Sell 100% when the Last price = Exit Price.

So what am I missing? I have mucked around with this for too long. Obviously I am missing something...

Ideas?

An example of a known good stop and TP that implements a Limit Take Profit order would be killer!

Thanks

Deleting message 46207 : troubles with limit take profit stop


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