I'm looking for some sort of a line that will show me my break even price or my average entry after scaling out. I know that you can see it the DOM but I want to see on the chart. The average entry on the chart will not change after scaling out some of my contarcts.
Average entry after scailing out
- Thread starter Tintin
- Start date
I believe you can get that only through Motivewave's EdgeProX broker version. If memory serves me correctly, Edge Clear made that indicator on their side called Edge Pro Line. You can see it in this video
but I would double-check with them if you decide to go that route. You can only subscribe to their Motivewave software version, which was a deal breaker for me. I just wanted to own the software outright.
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Hi Ghome,
Thank you for your reply.
That's correct - I used the Edge Po X platform in the past when trading with Edge Clear (they're great btw).
I'm actually looking for the exact same thing on Motivewave. As far as my understanding goes there's no such thing on Motivewave.
Thank you for your reply.
That's correct - I used the Edge Po X platform in the past when trading with Edge Clear (they're great btw).
I'm actually looking for the exact same thing on Motivewave. As far as my understanding goes there's no such thing on Motivewave.
Yes i have been looking at something similar also - I have used Edgeprox in the past but its the orderflow verison of the software and i ended up getting the ultimate version.
The only way I have done what you are asking for is "Theoratical Value" on the DOM - there is a white highlighted price where it shows you the theoratical breakeven after scaling in and out. It doesnt show it on the Chart window for some reason- its an easy fix for motivewave to do this but you know how that goes - here is a screenshot of what i'm talking about.
In this below example a 3 lot entry was taken so average entry is at the same level then a 1 lot profit was taken which pushed the THEO AVG (white) further below the Average entry- thats the only setting i've found to work to keep track of break even- you can set this up by using the PRICE COLUMN in the DOM SETTINGS window
The only way I have done what you are asking for is "Theoratical Value" on the DOM - there is a white highlighted price where it shows you the theoratical breakeven after scaling in and out. It doesnt show it on the Chart window for some reason- its an easy fix for motivewave to do this but you know how that goes - here is a screenshot of what i'm talking about.
In this below example a 3 lot entry was taken so average entry is at the same level then a 1 lot profit was taken which pushed the THEO AVG (white) further below the Average entry- thats the only setting i've found to work to keep track of break even- you can set this up by using the PRICE COLUMN in the DOM SETTINGS window
Thank you Zackumer. The only thing it's a little cumbersome you know especially with the NQ moving so fast. Go and start scrolling the DOM to find your theoretical average. And YES I know exactly how it goes with Motivewave on those issues. Thanks a lot!
