Monday, July 2, 2018

How to use STOP (trigger) in your trading plan? - futures trading ONLINE course

How to use STOP (trigger) in your trading plan?

Screenshot of trade







(A) You can set BUY STOP order
Example:  '
Early morning placed a SELL STOP order 1679 to 1677 , 2 lots for FKLI July.
System matched the SELL order for me when market drop to 1679 ;

After that,  i placed a BUY STOP from 1673 to 1675 , 2 lots for FKLI July.
System  BUY(long)  me 2 lots 1673 when market price hit 1673 (to 1675 range.)





(B) STOP Order Matched .
Sold  2 lots * 1679;
Then, then BOUGHT (BUY back) 2 lots * 1673 ( with OrdeR Type: BUY STOP)












(C) Sample of order confirmation (must see TRIGGER PRICE 1673 - 1675)