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Stop Loss Mgmt #1-#9, Take Profit Mgmt #1, #2
These settings give you nine different ways to move your stop loss (plus the "move to break even" setting makes 10), and two different ways to move your take profit.
The ordering of #1 through #9 has no meaning - they are just labels. You can use #7 without first having set #1 through #6, if that's what you want to do. Just make sure to match up rules #7 with Values #7.
So let's say you have set up stop loss rules and values #2, #6, and #7. And by a freak of coincidence, absolutely all of those rules are true at the same time. Potentially that means the trading system wants to move the stop loss to 3 different prices, or perhaps to 2 different prices and the last is "exit at market".
ATM can only do one of those things. In this case it follows the same decision-making process as when you use multiple values in the same group (e.g. 3 different entry values).
Entering At Market
You can set the entry values to "enter at market". That creates a market order. Otherwise, the entry values evaluate to a single number (that is to say that the desired entry price is calculated) and a limit order is placed at that price. "Enter at market" overrides all other values.
Exiting At Market
Any of the stop loss management values (#1 through #9), and any of the take profit management values (#1 & #2) can be used to "exit at market". As long as the corresponding rules evaluate to true, the trade will be closed. "Exit at market" overrides all other values.
See also:
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Recent blog posts
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- Ah, The First Bug [Fixed in v3.0.1]
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