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Profit Target with X_trader


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  #1 (permalink)
 
ReaM's Avatar
 ReaM 
Los Angeles
 
Experience: Advanced
Platform: x_trader
Trading: Stocks
Posts: 132 since Mar 2011
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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)
 
ReaM's Avatar
 ReaM 
Los Angeles
 
Experience: Advanced
Platform: x_trader
Trading: Stocks
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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)
shanemcdonald28
new york
 
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yes I took a couple of losses with the " not really flat " feature of Xtrader.


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Tudi's Avatar
 Tudi 
Germany Hamburg
 
Experience: Intermediate
Platform: NT8, X Trader
Trading: ES,YM,NQ,FESX,...;
Posts: 79 since Nov 2011
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Hello,

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


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SMCJB's Avatar
 SMCJB 
Houston TX
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Tudi View Post
why donīt you work with ADL?
that is better as plugins.

+1


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  #6 (permalink)
twoshepards
Chicago, Il
 
Posts: 21 since Jul 2010
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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://community.tradingtechnologies.com/showthread.php?2690-Entry-and-OCO-Exit-with-stop-limit


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