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Date/Time: Fri, 03 May 2024 09:38:59 +0000

Post From: Help with OCO attached orders

[2018-05-08 05:08:02] Link To Thread - Link To Post [Go To First Post]
User800328 - Posts: 50
Hi, I use OCO attached group order. (I am currently using this: Stop=3 pt, Target=3pt). Simple. OCO. Works fine. But I need a modification on the above. 1. If I hit the profit of 2 pts, my stop should move to BE+ 2pt. 2. If I go on to make profit to 3 pt, then sell my contract at 3pt (which is current). 3. But say, if the market only moves 2.5pt in my direction and falls back now, then since the stop moved to BE+2pt, I should get stopped out as I guarantee a profit of 2 pt. 4. Of course, If market fails to move in my direction at all, initial stop loss of 3pt will take me out. At best, I was able to move the stop to BE+2pts when I hit a profit of 2 pts, but not what I want above. May be I am missing something. ? (Also note, I do not scale out, All my contracts are either will be Sold at 2 pts profit Target, Or 3 pts profit Target or at a loss of 3 pts. No scaling out.)