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I like a fixed Take Profit & STP "in PIPS"
 Post subject: I like a fixed Take Profit & STP "in PIPS" Post rating: 0   New post Posted: Fri 05 Oct, 2012, 17:42 

User rating: 0
Joined: Fri 05 Oct, 2012, 15:24
Posts: 1
Hello Traders,

the Jtrader OCO-Orders is for me to simpel, I trade with Interactiveborkers with OCO orders. I like to trade with Dukascopy simalar with a fixed Take Profit and fixed STP "in PIPS".
Example, when the market give me a slippage, the Take Profit and STP Order shall adapt the slippage. I will place the OCO Order STP Buy Order and shut down the PC.
The OCO STP buy order waiting on the server from Dukascopy to filled. I'd like to put more OCO order in the same time for a underlying, here EUR/USD.

Exampel EUR/USD:

JForex
STP Buy at 1,3020
Target 1,3030
STP 1,3010
Entry with Slippage 1,3013,
exit 1,3020

Profit 7 Pips


My Favorite (Interactivebrokers rule)

STP Buy at 1,3020
Target 1,3030
STP 1,3010
entry with Slippage 1,30203
STP move to 1,3013(!)
exit 1,3023(!)

Profit 10 Pips

Yes, I know the Slippage can I protect with JForex, but Slippage is ok, when the Take Proit & STP is adapt.

The easiest way would be JForex would integrate take profits in pips in his platform. Hundreds of others have it.
Imo a slight, but effective task .

Have anyone a script/strategy to trade simalar to Interactivebrokers? Otherwise I can´t trade with Dukascopy.


 

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