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OptTrader 6 Trade Plan Cred Sprds partial exit
4 replies, 611 viewings
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OmniTrader Upgrade Forums
OptionTrader
OptTrader 6 Trade Plan Cred Sprds partial exit
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Last Activity 12/1/2022 8:14 AM 4 replies, 611 viewings |
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Digitaldood Member Posts: 10 Joined: 3/3/2009 Location: Allen, TX  User Profile |
I've used normal credit spread trade plans on many other strategies exiting 100% with no problems (well, there are some but they are beyond the scope of this issue). The problem I'm having with doing this is that when I run it on my test symbols (17 symbols) most of them show a trade in progress for over 2,000 days. I have a Position Expiration Exit in my trade plan for 2 days before expiration. Plus, my test settings are only going back 1,000 days for the BT and 250 days for FT. In the picture of ALGN, you can see the trade started in 11/2014, well beyond the 1250 days back, and is currently making a profit of 137%, well above my second position profit of 75%. I thought I've looked at everything, but can't see anything that I've done wrong. Is there a setting that I have incorrectly set, or not set, or is there a work-around for this? I can upload actual orders pictures of the trade plan if that helps figure this out. Thank you, Jim  Attached file : ALGNTrade.jpg (446KB - 163 downloads) Attached file : TradePlanOverall.jpg (91KB - 175 downloads) | ||
| Digitaldood Member Posts: 10 Joined: 3/3/2009 Location: Allen, TX User Profile |
I added another Position Expiration Exit to the final step and it is now running like it should. Hope this helps someone someday!! | ||
| mgerber Member  Posts: 40 Joined: 12/18/2003 Location: Issaquah, WA User Profile |
For my own edification, would you please post the updated TP? I just want to make sure that I am understanding your solution, compared to the original TP. --Mark G. | ||
| Digitaldood Member Posts: 10 Joined: 3/3/2009 Location: Allen, TX User Profile |
I've attached my updated TP - I also added another Position Fixed Loss Stop since the one in Step 2 would not fire if the TP moved to Step 3. I'm still testing with SW to see if there is a good / better stop to use in step 3. Attached file : TradePlanOverall02.jpg (211KB - 170 downloads) | ||
| mgerber Member Posts: 40 Joined: 12/18/2003 Location: Issaquah, WA User Profile |
Please keep us posted with your progress; much appreciated. --Mark G. |
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