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i tend to manage core positions on the DOM, with multiple contracts, adding and selling quick using both market orders and limit orders, and i just can not find an easy way to get myself some protection, as i can not manually add stop loss while scalping. therefor, my logic would be : i need an OPEN PL max drowdown exit.
the current daily loss of SC could be a way, but then i would need to adjust it everytime i finish a trade, and it is not very handy.
there must be a way to tell SC : Flatten current DOM positions when current Open PL is " negative $xxx"
i would be happy to get any preliminary help or any directions on where to look.
thanks a millions to all
cheers from my sunny Island
Reno
Can you help answer these questions from other members on NexusFi?
It won't give what you want, control of open P/L, but you did say that you have no time to set stop losses, and it will do that, automatically. That's a form of protection, and more than you have now.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
i'm in contact with some guys who can developp this study for sierra, i will think about it. i'm still very surprised that this kind of thing does not come by default on a platform (it is the same on TT)
thank you guys, i will dig into that more, thanks for the feedbacks
yeah i've been spending some time with the daily loss management thing... but the reset button doesn"t seems to make a lot of effect... and i need something i feel secure with, to go on the MNQ or MYM