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 Post subject: a suggestion Post rating: 0   New post Posted: Fri 13 May, 2011, 11:29 

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A suggestion, if I may. Why not allow the contestants set up OCO (one cancels other) type of orders. It would give extra flexibility and a lot of very promising trades would not be missed for a mere whim of luck.


 
 Post subject: Re: a suggestion Post rating: 0   New post Posted: Fri 13 May, 2011, 12:38 
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Joined: Wed 21 Apr, 2010, 10:42
Posts: 1167
speculo_ergo_sum wrote:
A suggestion, if I may. Why not allow the contestants set up OCO (one cancels other) type of orders. It would give extra flexibility and a lot of very promising trades would not be missed for a mere whim of luck.


Thank you for the proposal. We will consider it for future improvements.

The contest platform's improvement that is now the closest to implementation are moving Take-Profits.


 
 Post subject: Re: a suggestion Post rating: 0   New post Posted: Fri 13 May, 2011, 19:32 

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Contest Support wrote:
speculo_ergo_sum wrote:
A suggestion, if I may. Why not allow the contestants set up OCO (one cancels other) type of orders. It would give extra flexibility and a lot of very promising trades would not be missed for a mere whim of luck.


Thank you for the proposal. We will consider it for future improvements.

The contest platform's improvement that is now the closest to implementation are moving Take-Profits.


Trailing sl and also moving tp is just like trading at market it self. again 2% limitation will still be there? then what is the need of placing sl/tp while placing the entry order and also the weightage of close by sl/tp in trading stats? everyone will have 100% close by tp/sl then.

What i feel is allow trailing sl only to entry price and let the trader exit at market (at least he/she gets an opportunity to explain the reason to exit) or wait for the target to hit. (it's in accordance with the original idea of testing analytical skill.)

i second the idea of OCO order as most of the times when market breaks out of one side and continues to trend that side. most of the times traders tend to be emotional towards one side of the market. that's why we see a lot of traders cancelling the orders because market moves other side of what they feel.


 

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