Registered: Mar 2007
07-24-07 12:44 AM
Quote from bmwhendrix:
I made some of the same trades today. Are you setting a target for exit? I need to start using a program that automatically enters a stop. I sometimes enter a limit order by mistake which kills the trade. Keep posting, much appreciated.
I use OSO in Tradestation, basically it auto places stop(s)/target(s) based on predetermined fixed values. Naturally, I do this for security reasons.
After the order has been filled I adjust them base on support/resistance and/or complacency levels.