I discussed this in a thread when I first started looking at MT a month ago, but wanted to make a formal request:
Can you guys support IB Bracket Orders? By definition,
" Bracket orders are designed to help limit your loss and lock in a profit by "bracketing" an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. A SELL order is bracketed by a high-side buy stop order and a low side buy limit order. "
I believe Jerry called this type of order OTOCA, where the price of execution (at a Stop or Limit Price) is specified, and once executed, the opposite side Limit and Stop price orders (brackets) are automatically executed. In other words, the initial trade and bracket orders would be an all-in-one. Currently, MT bracket orders are a separate order that needs to be executed, after a trade completes.
What would be real nice addendum to this is if R:R ratios could be configured in Settings and used as a basis for the subsequent bracket pricing, based either on points or %.
Question
Doug Hayman
I discussed this in a thread when I first started looking at MT a month ago, but wanted to make a formal request:
Can you guys support IB Bracket Orders? By definition,
" Bracket orders are designed to help limit your loss and lock in a profit by "bracketing" an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. A SELL order is bracketed by a high-side buy stop order and a low side buy limit order. "
I believe Jerry called this type of order OTOCA, where the price of execution (at a Stop or Limit Price) is specified, and once executed, the opposite side Limit and Stop price orders (brackets) are automatically executed. In other words, the initial trade and bracket orders would be an all-in-one. Currently, MT bracket orders are a separate order that needs to be executed, after a trade completes.
What would be real nice addendum to this is if R:R ratios could be configured in Settings and used as a basis for the subsequent bracket pricing, based either on points or %.
Thanks in advance for considering.
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