Just a shot in the dark but what the hey
When it's time for me to open a buy or short position I want to do the following:
Open 10 positions of the same size, each with the same stoploss (which can be dragged to define before placing orders). This can be either executed by a buy/sell command like a market order, or triggered by the price reaching a draggable line @ a certain price level
The lot size of the orders will be determined by a set stoploss risk % of account equity.
Each position will have TP targets that can be dragged to define, or preset 10-day ADR % values with or without spread added, displayed as lines before executing
As soon as the first TP target is hit, all positions have their SL moved to breakeven
Example: If USD/CAD has 103.4 10-day ADR, open 10 positions with the same visible/draggable stoploss.
Position 1 TP is 4% ADR + spread - 4.1 pips
Position 2 TP is 5% ADR + spread - 5.2 pips
Position 3 TP is 6% ADR + spread - 6.2 pips
Position 4 TP is 7% ADR + spread - 7.2 pips
Position 5 TP is 8% ADR + spread - 8.3 pips
Positions 6-10 have some other much higher TP/s which can be dragged at any time
As soon as TP 4% is hit/executed all stops are raised to breakeven
The option to drag all the stops at once is there, or to drag the stops of each position individually
Positions are closed in the order they were opened in case of FIFO compliance, warning or disabling having TP/SL of a later order closer than a previous order.
This is the basic functionality. As an added bonus, if it can continually update a fib retracement from the entry to the maximum range of profit with the option to exit @ certain retracement levels once a certain ADR% distance between breakeven & that level exists, that would be the golden ticket, but that is far too niche/specialized to expect exists anywhere without big development bucks. Then again, even just an auto updated fib could be nice for visual purposes
When it's time for me to open a buy or short position I want to do the following:
Open 10 positions of the same size, each with the same stoploss (which can be dragged to define before placing orders). This can be either executed by a buy/sell command like a market order, or triggered by the price reaching a draggable line @ a certain price level
The lot size of the orders will be determined by a set stoploss risk % of account equity.
Each position will have TP targets that can be dragged to define, or preset 10-day ADR % values with or without spread added, displayed as lines before executing
As soon as the first TP target is hit, all positions have their SL moved to breakeven
Example: If USD/CAD has 103.4 10-day ADR, open 10 positions with the same visible/draggable stoploss.
Position 1 TP is 4% ADR + spread - 4.1 pips
Position 2 TP is 5% ADR + spread - 5.2 pips
Position 3 TP is 6% ADR + spread - 6.2 pips
Position 4 TP is 7% ADR + spread - 7.2 pips
Position 5 TP is 8% ADR + spread - 8.3 pips
Positions 6-10 have some other much higher TP/s which can be dragged at any time
As soon as TP 4% is hit/executed all stops are raised to breakeven
The option to drag all the stops at once is there, or to drag the stops of each position individually
Positions are closed in the order they were opened in case of FIFO compliance, warning or disabling having TP/SL of a later order closer than a previous order.
This is the basic functionality. As an added bonus, if it can continually update a fib retracement from the entry to the maximum range of profit with the option to exit @ certain retracement levels once a certain ADR% distance between breakeven & that level exists, that would be the golden ticket, but that is far too niche/specialized to expect exists anywhere without big development bucks. Then again, even just an auto updated fib could be nice for visual purposes
