Please shed some light on a troubled noob.

Discussion in 'Order Execution' started by Supertouch, Apr 28, 2017.

  1. Thanks for your reply.

    I'm using the DOM to trade. From the MT5 literature I was under the impression the the SL and TP orders where limit orders. If I'm wrong and they are market orders I can't find an option to change them to limit orders. I need to use one touch ordering using the DOM. Placing each order using the chart menu would be too slow. Is it typical for software to use only Market orders on the DOM? Or should I look for other software.
     
    #11     Apr 28, 2017

  2. I'll take look Sunday night.
     
    #12     Apr 28, 2017
    Supertouch likes this.
  3. Handle123

    Handle123

    Am not a beginner have much experience, but once a year I like to order enough for the summer months, what is everyone's best equipment on this site? Can't be having any of those calls during the open session that I am going to be stuck with some trade.



    http://www.condom-sizes.org/condom-size-chart/condom-size-chart


    Off the wall enough?
    Watch, the thread get 5,000 hits now.
     
    #13     Apr 28, 2017
  4. If this site had an "off the wall" meter then you just broke it with that post.
     
    #14     Apr 28, 2017
  5. That would be kewl.
     
    #15     Apr 28, 2017
  6. ktmtrader

    ktmtrader


    My friend. Your range is too tight. 2 to 3 ticks? That is suicide. Put your stop loss at 5 points; 20 ticks and profit at 10 points; 40 ticks and trade 2 contracts, then you actually might have a chance in surviving in this business.
     
    #16     Apr 28, 2017
    toon likes this.
  7. stop loss size has to be greater than tick dispersion pattern..
     
    #17     Apr 28, 2017
  8. MrScalper

    MrScalper

    Hello Mr troll :)

    For ES.

    Forget about limit orders if scalping.

    Forget about a few ticks profit or loss.

    Forget about most of what you have read about TA.

    Learn how to tell the Time.

    Learn how to setup fast order execution buttons.

    Learn how to trade what you actually see happening.. THIS IS THE HARD BIT FOR MOST WHO TRY!
     
    #18     Apr 29, 2017
  9. Is everyone here a troll?
     
    #19     Apr 29, 2017
  10. MrScalper

    MrScalper

    Apologies as I may have misled you.

    You must use limit orders with your fast execution buttons..what I meant to say was do not use standard limit orders to enter and exit a trade with the ES, and then stop for the next setup to happen.

    You will get fleeced, that is for sure!
     
    #20     Apr 29, 2017