I am trying to develop an order management strategy that goes a little bit further than stop/target profit.
What I am trying to do would be something like this:
Order Entry - could be any order, sell @ bid, buy @ ask, market and so forth. Preferably from Ninja´s chart trader
Once the order is in, we get a predetermined stopand a profit target along with a free ride trade
Stop is hit, order executes @market.
Profit Target hits, we Limit Execute at Target
The above is very basic, below is what I am trying to get done
At Limit Execution we get another order in with a pre-determined tight trailing stop.
This new order does not carry a profit target, only a tight trailing stop.
All of this from 1 button click.
To exemplify what I just said.
I go short GC @ 1095.40 (Stop @1096.40, Target @1091.40)
Bla, bla bla, GC Drops to 1091.40, take profit
System shorts another contract with a trailing stop of 0.5-1 points.
Market continues to tumble and I am in.
Market reverses either my order does not fill or I lose the trailing points
Something like that.
I saw this strategy on Buttontrader and found it awesome.
Thanks all in advance for any help, links and pointers.
several of us on futures.io (formerly BMT) enjoy working with strategies. Your strategy is able to be setup (although i'm not sure about the one button-click)...
Do you have any coding experience with NT6.5? Have you reviewed the sample strats on the NT support forum? Are you attempting to tweak some of the other code that you've found there?
If you've moved beyond this basic training, the community here would be willing to work with you on this project. if you're able to share a strat file in-progress, you'd be ten steps ahead in the game.