Position trading with multiple profit levels and reverse...
When changing software, you look for what you know and what you are used to.
So in PTMC i was looking for more ways to manipulate orders. Like placing multiple stops for taking profit bit by bit. Slowly stripping a position as it is. But nothing like that in PTMC.
After tinkering with it, i found out that this it's all here, but it works way different than in M T or cTrader of jForex.
In stead of clossing part of a position, you simply place an opposite order at the next pivot level or S&R line. The position levels itself with the new orders, when they are taken.
One thing missing here: when things go bad (although they seldom do) and a SL is taken, the reverse orders should be closed automatically.
Reverse button
Reversing a position, is what i do when channel trading. I do not take profit, i reverse on the best reversal signal. With PTMC, there is no reverse button, but you can simply open an oposite market order at twice as big as the current position. There you have your reverse.
Trailing stop
Only one thing i do not see: a trailing stop. How can i get that done?
Hello Peters Victor, thank you for your response.
The possibility to place trailing stop orders, trailing stop losses, reverse positions depends on broker's API. If you connect to our demo server, all these features will be available.
Please make a request here (http://protrader.org/features-request) about the opportunity to trade with multiple TP/SL levels