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  • #1

    Stop strategy in MMP

    Hi,

    I am having a hard time understanding how to configure the stop strategy in the Money Management Planner. Went through the KB, tried different config but can not achieve what I want. Which seems very basic to me.

    Lets take an example of 2 ES contract 1st target 8 ticks, 2nd target 20 ticks, stop loss 8 ticks.

    Configuring the different target and stop loss works fine, no issue here. What I can't get to work properly is to configure that the stop loss on the 2nd contract moves to my entry +1 tick once the first target is achieved.

    Have contacted support but Integrated Trading specialist is on holiday until Wednesday, so I thought to try the forum time being.

    Version: 11.4.2666.1017 64-bit
    Tags: None
  • #2
    psudan,

    Sorry for the delay in getting back with you on this,

    Lets take an example of 2 ES contract 1st target 8 ticks, 2nd target 20 ticks, stop loss 8 ticks.
    The screenshot below show how the MMS should be setup with the exception of the Stop Strategy (which is discussed below).



    Configuring the different target and stop loss works fine, no issue here. What I can't get to work properly is to configure that the stop loss on the 2nd contract moves to my entry +1 tick once the first target is achieved.
    For this portion you'll need to create a Stop Strategy for the second contract. Set the trigger to equal the profit target of the first contract and the Stop should be the profit target -1. Screenshot below show the settings.



    There is still one question that needs to be ask and answered.

    Question -- Once the Stop has been moved up to even plus one, do you want it to move again? This is where the frequency comes in.

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    • #3
      Sorry to report that the stop does not stop move, see config below.

      Click image for larger version Name: es1.jpg Views: 1 Size: 20.7 KB ID: 242785
      Click image for larger version Name: es2.jpg Views: 1 Size: 20.4 KB ID: 242786
      Click image for larger version Name: es3.jpg Views: 1 Size: 74.9 KB ID: 242787

      Any log that I can check to see what is going on?

      Thanks,
      Phil

      Comment

      • #4
        Originally posted by psudan View Post
        Sorry to report that the stop does not stop move, see config below.

        [ATTACH=CONFIG]16197[/ATTACH]
        [ATTACH=CONFIG]16198[/ATTACH]
        [ATTACH=CONFIG]16199[/ATTACH]

        Any log that I can check to see what is going on?

        Thanks,
        Phil
        Worked on my second trade, not sure why!

        Comment

        • #5
          Originally posted by psudan View Post
          Worked on my second trade, not sure why!
          Phil,

          I'll give you a call and we can discuss what you're trying to do and how we can accomplish it.

          AveryH
          eSignal Support

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