Xtrader's "OCO Trader Ltd" using BE+1

Discussion in 'Trading Software' started by rollsafe, Dec 21, 2007.

  1. rollsafe

    rollsafe

    Hi

    I have 2 questions.....

    Currently XTrader Version 7.4.3.63
    Installed Plugin "OCO Trader Ltd" v1.2.3

    I have installed the plug in and read the manual.
    I need help setting up an order....



    1)
    I trade 2 lots....
    Once I am a trade and I see that I have 10 ticks of Profit
    I want to Protect my Trade/Profit. I dont want this trade to turn into a loser.!

    I want just 1 Contract to be Sold at my Profit of 10 Ticks !
    Let the other one run...
    MOve my Stop automatically to Be+1

    How do I do this?


    2)
    I trade 1 contracts....
    Once I am a trade and I see that I have 10 or 20 ticks of Profit....
    I want to Protect my Trade/Profit. I dont want this trade to turn into a loser.!
    So I move my stop ......From Behind my entry price to IN-FRont of my entry. I now have a Breakeven+1 Stop ( BE+1)

    I usually move to BE+1 or BE+2
    So if the price starts going opposite and now hits my Stop I get 1 or 2 ticks out of the trade !

    Is there a way to set up Xtrader to where I just hit a button and it moves my Stop to BE+1 or BE+2 ?



    Thanks
     
  2. You need a CAR (cancel and replace) order button that is configurable....say convert your initial stop to a trailing stop....or just a "closer" stop as you mentioned.
    Best to contact the vendors of the add-on for that.

    Thanks for the doc link....very interesting implementation by this vendor.