Exit strategies: not triggered with automated orders - MultiCharts | futures io social day trading
futures io futures trading


Exit strategies: not triggered with automated orders
Updated: Views / Replies:200 / 2
Created: by JohnJo Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 100,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

Exit strategies: not triggered with automated orders

  #1 (permalink)
Mexico city
 
 
Posts: 12 since May 2019
Thanks: 2 given, 0 received

Exit strategies: not triggered with automated orders

Hi all,

Just wanted to check if it's a Bug or an expected result:

1) Configured an "Exit strategy" with a Take Profit to X number of ticks (Chart option);
2) Set it to "Auto Attach as Exit Strategy";
3) Added a Signal to the Chart to open automatic orders.

When the signal opened a Position, no exit strategy is attached !!
Is this correct ? Will the Exit strategy only apply to manual orders placed on the Chart ??

Do let me know, thanks.

Rgds
JohnJo.

Reply With Quote
 
  #2 (permalink)
Boston MA USA
 
Trading Experience: Beginner
Platform: None
Favorite Futures: ES
 
Posts: 89 since Jan 2015
Thanks: 89 given, 94 received


JohnJo View Post
Will the Exit strategy only apply to manual orders placed on the Chart ??

Yes, that's correct. Signals (autotrading) and manual "Strategies" know nothing about each other, so you aren't able to use the chart trader or DOM exits/brackets/trailing features to manage automated orders from a Signal.

There is the option to combine your signal with built-in exit-type signals. There are a bunch of them and they end in LX or SX I believe. You just have to add them to the same chart with your custom signal. These were interesting to experiment with, or to look at their code, or for trying a quick backtest.

However - I wouldn't trust this type of combination for algo development. It is interesting that the system lets you do this but I think it is way too fragile to keep track of multiple interdependent signals on a chart to make up a trading system. So I'd recommend always coding the exit logic directly into the code for the signal.

Reply With Quote
The following user says Thank You to ocpb for this post:
 
  #3 (permalink)
Mexico city
 
 
Posts: 12 since May 2019
Thanks: 2 given, 0 received


Thanks ocpb for your feedback. I will follow your recommendation and code myself the exit strategy. Appreciated.

Reply With Quote

Reply



futures io > > > > Exit strategies: not triggered with automated orders

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)
 

Show us your trading desks and win $1,400 in prizes w/Earn2Trade

November
 

futures io is celebrating 10-years w/ over $18,000 in prizes!

Right now
 

$250 Amazon Gift Cards with our "Thanks Contest" challenge!

Right now
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
How NOT to cancel open orders after strategies disabled/enabled- swing trades emini_Holy_Grail NinjaTrader 1 January 2nd, 2015 10:34 PM
IB Stop Order Not Triggered. Is this possible? NLD1888 Reviews of Brokers and Data Feeds 7 February 7th, 2013 01:43 PM
'Aubrey Discount' May Have Triggered Chesapeake Exit Quick Summary News and Current Events 0 January 29th, 2013 11:10 PM
Alert triggered from multiple studies tozwp ThinkOrSwim 2 April 30th, 2012 08:21 PM
Can't close triggered Long Limit order vetl NinjaTrader Programming 6 April 26th, 2012 11:06 PM


All times are GMT -4. The time now is 03:49 AM. (this page content is cached, log in for real-time version)

Copyright © 2019 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts