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Direct MessagesDate/Time: Thu, 25 Apr 2024 08:21:20 +0000
Post From: I need to know where the 'Break even' price is during multiple entries/exits!
| [2023-01-29 14:39:57] |
| Rui S - Posts: 175 |
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I need to know where the 'Break even' price is on the DOM as I enter and exits positions during a trade - this is essential!
Obviously the average price (which I see the indicator for) moves away from my B/E when i add and take off trades so I cant use this anymore - and B/E is essential to know if at any time I wanna scratch part of my trade by going to break even but keep another part of it running as I add orders in and out, but obviously I need to make an informed decision on how close B/E is to price to make that call. I am set up so that the BE button moves the closest to BE which is what I want. If there isn't one we NEED a BE indicator for the DOM asap. Thx Hi J DIDDY, I have had the same problem that you are experiencing now. If you use the option "Use Theoretical Position Average Price" on your DOM and charts, your average price will be always correct even when you have multiple entries and exits within the same position. This is a fantastic feature for traders that have multiple entries and exits. Just bear in mind that the trade commissions will not be included in that average price. To achieve that go to every chart and Trade DOM you want set this way and do the following: "Chart Settings / Trading / Open Position Average Price" and select "Use Theoretical Position Average Price" from the dropdown menu. Then, in order to make your BE orders to always go to your "theoretical average price", you need to do the following in the main SC window: "Global Settings / Chart Trade Settings / "Always Use Position Average for Reference Price for Breakeven Command" - set it to "YES". Those are great features that SC has, among many others. I hope this helps you. |