Good morning all.
Was wondering if anyone knows of a broker that offers this option with their software.
Basically, I am a sort-of breakout trader, looking at pivot points, etc etc.
I often find that I want to setup a trade if I see the right conditions. For instance, I will go long if price breaks a certain level, stays above, and so on. I don't like limit orders, I want to watch the price action and trade at market price.
I like to open three positions, one with a profit/loss ratio of about 1:1, then a second position aiming higher, and a third aiming even higher. The first position is usually the biggest (0.7 lots), the second is smaller (0.2) and the third is about 0.1 lots.
What I like to do is setup these potential positions before the trade occurs, as sometimes breakouts happen really fast and it takes time to setup these three positions, with their respective lot sizes, profit targets and stop losses..
However, I am trading with Oanda. This is possible by opening a buy window, and leaving it open. Not too problematic with one potential trade (three windows), but this morning, I saw potential trades with Eur-Chf, Eur-Gbp, and Cable. I wanted to set up the positions, but my screen became flooded with open windows.
Thinking about getting a nice second monitor anyways, but I was wondering if any of you know of a broker or software that can allow me to setup these trades before hand in a sort of menu or tree format on the right of the screen. For instance:
Pair Lot Profit Loss Execute@Market Price
Eur-Gbp 0.7 1.89 1.87 X
Eur-Gbp 0.2 1.90 1.87 X
Eur-Gbp 0.1 1.91 1.87 X
And so on. The execute at market price would a one click button, so I can watch the price action, then when I see what I like, three clicks and I am good to go.
Again, this is not a critical question but I feel like a setup of this kind would greatly help my particular trading style. Not that I am displeased with Oanda but just looking at other options.
Thanks for your help and making this board a key resource in my trading development.
Mark.
Was wondering if anyone knows of a broker that offers this option with their software.
Basically, I am a sort-of breakout trader, looking at pivot points, etc etc.
I often find that I want to setup a trade if I see the right conditions. For instance, I will go long if price breaks a certain level, stays above, and so on. I don't like limit orders, I want to watch the price action and trade at market price.
I like to open three positions, one with a profit/loss ratio of about 1:1, then a second position aiming higher, and a third aiming even higher. The first position is usually the biggest (0.7 lots), the second is smaller (0.2) and the third is about 0.1 lots.
What I like to do is setup these potential positions before the trade occurs, as sometimes breakouts happen really fast and it takes time to setup these three positions, with their respective lot sizes, profit targets and stop losses..
However, I am trading with Oanda. This is possible by opening a buy window, and leaving it open. Not too problematic with one potential trade (three windows), but this morning, I saw potential trades with Eur-Chf, Eur-Gbp, and Cable. I wanted to set up the positions, but my screen became flooded with open windows.
Thinking about getting a nice second monitor anyways, but I was wondering if any of you know of a broker or software that can allow me to setup these trades before hand in a sort of menu or tree format on the right of the screen. For instance:
Pair Lot Profit Loss Execute@Market Price
Eur-Gbp 0.7 1.89 1.87 X
Eur-Gbp 0.2 1.90 1.87 X
Eur-Gbp 0.1 1.91 1.87 X
And so on. The execute at market price would a one click button, so I can watch the price action, then when I see what I like, three clicks and I am good to go.
Again, this is not a critical question but I feel like a setup of this kind would greatly help my particular trading style. Not that I am displeased with Oanda but just looking at other options.
Thanks for your help and making this board a key resource in my trading development.
Mark.