Scaling in/out - Multiple entries/exits
In Edgewonk, you can enter trades with multiple trade entries and exits easily.
When you enter a new trade, the black + button will open a popup that allows you to add new entries and exits to the specific trade.
The new window for partial entries and exits gives an overview of the individual "parts" of the trade.
First, choose whether you want to add a new entry or exit, using the buttons at the top.
Then, click on "+ Add Entry" to create a new entry.
The bottom bar of the popup shows the open quantity of the trade.
Only when you have closed out all trade entries and when the open quantity is 0, you can close the trade completely.
Whereas individual entries only require price and quantity inputs, a new exit also requires the profit/loss of the individual trade exit.
A trade exit will reduce the open quantity.
Please note that you cannot enter individual stop loss or profit target levels for the trade entries/exits. Every trade can only have one stop loss and take profit.
When you exit the popup, you get back to the regular trade entry window.
Now, the fields for Entry Price and Exit Price show the average of the individual trade entries/exits.
The profit/loss is the total for all individual trade exits you entered,
Comments
0 comments
Article is closed for comments.