Learn how to eliminate unprofitable positions within the grid by overlaying them with worthwhile positions?
For instance, we have now a grid consisting of Purchase positions:
We see that the development is downward, and the chance of the value reversing upward is low. How can we scale back the drawdown within the order grid on this scenario and eliminate shedding positions?
On this case, you’ll be able to shut the furthest positions, for which the revenue + loss can be equal to zero:
This manner, we lowered the dimensions of the order grid (the load on the deposit), eliminating essentially the most distant unprofitable place.
Subsequent, we will open a pending order rather than the closed place, and if the value rolls again, we will shut essentially the most unprofitable place once more.
However how will you keep away from lacking the second when the value rolls again? You should utilize TradePanel for this. Set it up and allow this function. TradePanel will observe your place income, and as quickly as a chance arises to shut a shedding place with a worthwhile one, it would accomplish that.
Learn how to arrange this performance:
Go to the “Grids” tab and choose the order grid to which you wish to apply this performance:
If you do not have an order grid, you’ll be able to create one from current orders and positions by clicking this button and deciding on the specified orders and positions:
Go to the AutoCl tab:
Configure the next settings:
1️⃣ Set the minimal loss for the place to which the perform must be utilized.
2️⃣ Set the revenue that ought to stay after the perform closes positions.
3️⃣ Set the variety of worthwhile positions the perform can use to shut a shedding place.
4️⃣ Allow the checkbox.
For instance, the next parameters have been set:
Minimal loss -$30,
Further revenue $10,
Most variety of worthwhile positions used 3.
In line with these settings, the perform will seek for positions with a lack of no less than -$30. As quickly as such a place seems, TradePanel will start matching it with worthwhile positions.
Worthwhile positions can be chosen such that the revenue from worthwhile positions offsets the loss from an unprofitable place, with a residual revenue of no less than $10. One to 3 worthwhile positions can be utilized to cowl the loss.
As quickly as worthwhile positions are discovered that offset the unprofitable place, the perform will instantly shut these positions and proceed looking for new unprofitable positions.
