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I posted this on the TradeStation Forums ... but they were less then helpful  I am new to TradeStation and was wondering if the platform was capable of handling this order ...
I scalp the YM and would like for my protective stop to move with profit.
Enter at Market
Once I have 5 points profit in the trade I would like to move my stop to break even.
Once I have 8 Points, then move the stop to 5 points profit.
Once I have 10 Points, then move the stop to 8 Points Profit.
Once I have 15 Points, then either trail the stop by 3 points (or if its easier ... put my stop to 10 points with a final target of 20 points)
This way, the trade doesnt end until I am stopped out.
Is this possible?
Travis |
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The TS DOM is not something built for the discretionary trader for complex orders, although you can create macros with the macro wizard and use the .PlaceOrder macro command and the PlaceOrder function to issue orders to the market.
https://www.tradestation.com/Discuss...Topic_ID=62739
If you do a lot of discretionary trading, you may want to try the various DOM add ons such as Ninjatrader, Brackettrader, Buttontrader, Zerolinetrader etc...
Brackettrader is free 5 contracts and under and the fixed 3 built in symbols (ES, NQ and ER2, I believe); works with IB (Interactivebroker).