Support Board
Date/Time: Fri, 13 Jun 2025 07:48:55 +0000
Post From: 2 TARGETS - TRAILING STOP CONFIGURATION FAILING TO RESULT IN INTENDED TRADE SETUP
| [2022-11-07 13:46:11] |
| User898917 - Posts: 31 |
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Hello John, Thanks for your prompt assistance which I found very helpful. Moving on to the crucial aspects of my Trade Window setup, after attempting to fathom the documented information for configuring the simple trade setups – that is, beyond the simple Bracket orders for 1 Entry attached to 1 Target & 1 Stop Loss, which I can perform – I’m somewhat baffled as to the Trade Window configuration options when attempting to setup a not too complicated trading strategy, which I shall describe as follows: The Trade Setup I attempted to configure was: 2 Targets. Target 1: 12 Ticks Target 2: 28 Ticks Common Trailing Stop Loss on Market Entry offset @ 6 Ticks. This Setup assumes: When trade is initiated as a Market Buy or Sell order, the Trailing Stop Loss follows Price tick-by-tick toward Target 1 that, when filled, takes 12 Ticks Profit. Therefore, the 6 Tick Trailing Stop has reach 6 Ticks behind Target 1. and continues to follow Price towards Target 2. I did attempt to set this up with ‘Use Attached Orders’ Trailing Stop Loss option as Simulated Trading, but found that when the Stop was hit prior to reaching a target, the 2 Targets remained in force while the loss continued to increase as Price moved against me. Thus, I’m at a loss for how to choose from the all too various Stop Loss options, and your assistance in this mind-boggling dilemma would be gratefully appreciated. Please view the following examples to check my assumed calculations. When Target 1 @ 12 Ticks is filled, the profit is secured while the 6 Tick Stop Loss trailed equally by 12 Ticks toward Target 1 - reaching 6 Ticks behind the filled Target price of Target 1. If Price continues to advance in the Buy/Sell trade direction, and reaches, for example, a further 10 Ticks towards Target 2 (that is 4 Ticks beyond the filled Target 1 price point) but then falls back to hit Target 2’s 6 Tick Trailing Stop Loss, then the 2nd Target closes with a further 4 Tick profit. That is: Target 1 = 12 Ts + Target 2 = 4 Ts = 16 Ticks Total Profit. Example 2. When Target 1 @ 12 Ticks is filled, the profit is secured while the Stop Loss trailed equally by 12 Ticks toward Target 1 – that is, 6 Ticks behind the filled target price of Target 1. If Price continues to advance in the Buy/Sell trade direction, and reaches, for example, a further 6 Ticks towards Target 2 (so the Stop Loss has reached Target 1 price point) but price then falls back to hit Target 2’s 6 Tick Trailing Stop Loss, then the 2nd Target order is closed at Break Even. Thus only Target 1's 12 Tick profit is secured while Target 2 Breaks Even. I'd be grateful if you could throw some light on the following questions: 1. Have I understood and calculated correctly? 2. Why did my Trailing Stop not cancel (OCO) the 2 Targets with a 2 x 6 Ticks Loss when hit and instead continued to increase my loss as price moved against me? 3. How should this trade be configured on the Trade window? Thanks Graham Denney |