Announcement

Collapse
No announcement yet.

MM Strategy

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

  • MM Strategy

    When this was first introduced I was very critical. "What's the point", I said, "of fixed stop and profit levels. They vary all the time. It depends on the situation you see on the chart in front of you." True enough, but I've since learned how to use MM very effectively for intraday trading. This is what I now do. You can set profit and loss levels on your MM strategy to anything sensible. For e-mini S&P500 you might take a loss at 2 points and a profit at 6 points. It really doesn't matter what you pre-set. This is why. When your order has been placed those profit and loss positions will be shown on your chart. Just move them to wherever they should be for the situation in front of you. It's that easy. So, I'm sorry, eSignal, for being so critical. I'll try not to react so quickly in future.
Working...
X