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Profit Target with X_trader
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Profit Target with X_trader

  #1 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 96 received

Profit Target with X_trader

Hi,

can someone please explain me how to use profit target in x_trader?

I downloaded the OCOtrader plug in and the PS trader plug in. According to forums, it is the OCO that I need?

I install it, what do I do next? Thanks!

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  #2 (permalink)
Trading for Fun
Los Angeles
 
Futures Experience: Advanced
Platform: x_trader
Favorite Futures: Stocks
 
ReaM's Avatar
 
Posts: 127 since Mar 2011
Thanks: 96 given, 96 received

finally got time to figure it out. In case it is of any help to anyone of you: it is the OCO Trader. Just install it, launch it from Plug Ins. The LIMIT checkmark is for Take Profit, the STOP checkmark for Stoploss. In Preferences you can change the defaults to whatever you like. You can also remove either one of those and trade with only stop loss.

I usually enter take profit before I am in trade so that I have a better place in queue, but in case I am away from computer it is helpful to have this plug in installed.

But be careful, if you decide to close your position earlier, it will think you are entering a trade and it will put your default orders on the DOM, even through you are FLAT and it will not remove the old TAKE PROFIT. Maybe there is a fix to this, but just pay attention to your pending orders and remove the ones you dont need and you should be fine.

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  #3 (permalink)
Trading for Profit
new york
 
Futures Experience: Intermediate
Platform: X Trader, Sierra Charts, Multicharts
Broker/Data: AMP/TT, Vision/Rithmic, AMP/CQG
Favorite Futures: CL, NG, gold
 
Posts: 355 since Mar 2012
Thanks: 665 given, 570 received


yes I took a couple of losses with the " not really flat " feature of Xtrader.

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  #4 (permalink)
Elite Member
Germany Hamburg
 
Futures Experience: Intermediate
Platform: NT8, X Trader
Favorite Futures: 6E, ES,...,
 
Tudi's Avatar
 
Posts: 72 since Nov 2011
Thanks: 60 given, 38 received

?

Hello,

why donīt you work with ADL?
that is better as plugins.

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  #5 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Advanced
Platform: XTrader
Broker/Data: Advantage Futures
Favorite Futures: Energy
 
Posts: 2,388 since Dec 2013
Thanks: 1,931 given, 4,014 received
Forum Reputation: Legendary


Tudi View Post
why donīt you work with ADL?
that is better as plugins.

+1

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  #6 (permalink)
Trading Apprentice
Chicago, Il
 
Futures Experience: Master
Platform: X_TRADER
Favorite Futures: currency futures
 
Posts: 21 since Jul 2010
Thanks: 3 given, 19 received

I agree with the 'work with ADL' thought. I stood in the pits 20+ years ago and outside of the eye contact / noise factors, I have all the floor advantages imaginable built into adl and much, much more. adl can do the work of a local in the pit with multiple clerks arbing for him.

Even better...TT shows you how to build these order types.

https://forums.tradingtechnologies.com/showthread.php?2690-Entry-and-OCO-Exit-with-stop-limit


Last edited by twoshepards; May 6th, 2014 at 04:56 PM. Reason: Update with more info
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