Trading 1 contract: Trailing Stop or Profit Target

February 7th, 2020, 10:51 AM

tr8er

Hi, for Crude I cancel the order after 10 ticks or if a new candle occurs (what happens first), otherwise I wait.

Thanks for your response,

Yes, that is what I am thinking of doing as well. If price after 10-15 ticks, I simply cancel the trade.

February 7th, 2020, 12:29 PM

If you are looking for a day trading system on CL, then you could consider closing the position at the end of the session instead of a trailing stop or profit target. Use pit session times.

Trading 1 contract: Trailing Stop or Profit Target

Discussion in Psychology and Money Management

Trading 1 contract: Trailing Stop or Profit Target