WH SelfInvest (Support) Forum

In T-Line Scalping, after the second target has been reached, traders will often slide the stop order to their entry price. Now the trader can no longer lose.

Forum_series_multiple_04.png
The market turns and moves up. The stop is reached and the position is closed. The two remaining targets are ...

A trading strategy using multiple targets and stops
The T-Line Scalping strategy is available for free in the NanoTrader platform (found in the WHS Strategies folder in NanoTrader Full). The strategy uses multiple targets (2 or 4) and a single stop.

Interestingly the strategy uses the average ...

Hello,

It is not necessary to write code to do this. Right-click on an instrument in your Account bar and select "Symbol details" like so:

Rep02.png

In the window that appears you can deactivate the weekends by ticking the box "ignore Weekends".

Rep01.png

Note: you can also filter specific ...

A practical example
In this example the trader has a position of 3 lots. He has 3 targets and 2 stops. The closest stop is for 2 lots and the remaining stop for 1 lot.

Forum_series_multiple_stops_targets_03.png
The stop was hit and 2 lots were sold. The TradeGuard cancelled the two closest ...

Activating multiple stops and targets
Like any other (semi-)automated instruction in the NanoTrader platform, multiple stops and targets will only be placed automatically when you open your position if you activated the TradeGuard in the chart:

Forum_series_multiple_stops_targets_tradeguard.png ...

Setting up multiple stops and targets
Multiple stops and targets can be set up via the Designer window or via the chart. Click the “Add indicator” icon and add as many click stops and click targets as you need. They will appear in the Designer window and in the chart like so:

Forum_series ...

Multiple targets and stops
The NanoTrader trading platform is without equal when it comes to handling multiple stops and targets (also called fade in - fade out):

• There is no limit on the number of stops and targets that can be combined.
• The intelligence managing the stops and targets is ...

In this example the trader is not yet (partially) hedged. He has a long position (+3 DAX CFD) and used the automatic TradeGuard to protect his position with a target and a stop.

Forum_series_hedging_2_04.png
The trader now sells -1 DAX CFD and selects “Force open”. The combined net position is ...

Partially hedged positions
A position is said to be only partially hedged when the long position and the short position do not have the same size. The P&L of the combined net position will still evolve. Let’s look at a few partially hedged positions including how the TradeGuard manages the bracket ...

Forum_series_hedging_05.png
The trader now closes the short position (e.g. by clicking Exit behind it), effectively removing the hedge. Given that the trader is again at risk, the TradeGuard places bracket orders. Tip : it is possible to grab these orders and slide them to another price level ...