momentumuk
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- Nov 22, 2024
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Hi everyone,
I'm wondering if MotiveWave supports a specific type of stop management:
When I add to an existing futures position, I want to be able to set a break-even stop based on each individual entry, rather than the average price of the overall position. For example, if I add a second contract later in the move, I’d like that second contract to have its own stop move to break-even after a set number of ticks, independent of the first.
Some platforms (like Tradovate) handle this natively, treating each add-on like a separate trade with its own stop logic.
Is this possible in MotiveWave either through built-in order management, or perhaps scripting with strategies? If so, any guidance or examples would be appreciated.
Thanks in advance!
I'm wondering if MotiveWave supports a specific type of stop management:
When I add to an existing futures position, I want to be able to set a break-even stop based on each individual entry, rather than the average price of the overall position. For example, if I add a second contract later in the move, I’d like that second contract to have its own stop move to break-even after a set number of ticks, independent of the first.
Some platforms (like Tradovate) handle this natively, treating each add-on like a separate trade with its own stop logic.
Is this possible in MotiveWave either through built-in order management, or perhaps scripting with strategies? If so, any guidance or examples would be appreciated.
Thanks in advance!
