Jump to content
  • 0

Lot size, Price Level, Expiry , Stop and Limit


CaiGengyang

Question

Hi, I am a newbie trying to place an order under "Order" tab
 
 
1) If I want to risk 0.5% of my 200,000 SGD account on this one trade, what do I enter under the " Size USD($) " column?   (My account is in SGD, while the size column in is USD)
 
2) What is the "price level" column about?
 
3) What is expiry "good till canceled" and "good till date" ?
 
3) If these are my buy entry and long exit rules respectively: 
 

" Buy entry: Place a stop order 10 ticks above the two-day high. This will help ensure

buying with the new trend and help to avoid false signals. Keep order until filled or as

long as the buy alert is still valid. 

Long exit: Place a stop equal to the 20-day EMA. Continue to update this stop daily to

form a trailing stop. "

 

What should I do to enter this information(both the stop order 10 ticks above the 2 day high and the trailing stop equal to the 20-day EMA) into the system and what do I fill in under "Stop" and "Limit"?

 

Thanks alot.

 

Link to post

1 answer to this question

Recommended Posts

  • 0

Hi @CaiGengyang

3 hours ago, CaiGengyang said:
 
1) If I want to risk 0.5% of my 200,000 SGD account on this one trade, what do I enter under the " Size USD($) " column?   (My account is in SGD, while the size column in is USD)

0.5% of 200,000 is 1000 so your stop loss on the trade can't be more than $1000 SGD so the 'size' x stop loss in points must be adjusted to come in under $1000. The order ticket auto calculates this, the size of the stop loss should be fixed as per your trade plan so try different trade sizes so that the risk amount is less than 1000 SGD on the trade.

The Price Level is the price you want to enter the trade (Place a stop order 10 ticks above the two-day high), the platform knows what type of order it is by where you place the entry level.

The Expiry is when an unfilled order gets cancelled.

The Stop is the stop loss ( Place a stop equal to the 20-day EMA) you will need to read off the level and fill in on the order ticket and then adjust manually once the order gets filled. The Limit is the price level you want to take profit and close the trade (can be left blank).

Hope this helps.

 

Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Answer this question...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • General Statistics

    • Total Topics
      15,169
    • Total Posts
      73,253
    • Total Members
      61,593
    • Most Online
      5,137
      14/01/21 09:51

    Newest Member
    Ric323
    Joined 13/05/21 02:09
  • Posts

    • I don't think it would be a problem trading during the weekend. You can trade whenever you want.  I learned how to do it on the cryptoinformator website. The highest income is brought by bitcoin. When looking at the value of the current 55,000 dollars, of course, everyone is thinking about investing in it. Forecasts vary, and many believe that by the end of 2021, they would have surpassed 100,000 dollars. The growth is projected to be based on the fact that real-world payment flow stock markets are still burdened by the current pandemic but is also based on the increasing acceptance of BTC as legal tender ( PayPal is bringing this option, and bitcoin is also coming to Wall Street soon).
    • I played around with it (created two plots of the smallest viable K-32 size). While I'm farming this tiny amount now I've stopped plotting until pooling is introduced - since existing plots aren't going to be compatible with pooling. The cost of wearing out SSDs is high. You're effectively buying (via SSD wear) lottery tickets (the plots) with a chance of winning a lottery (by farming). Without pooling its unlikely small players will win. The "estimated time to win" is based on current network space that will probably rise at a very quick rate reducing your chance of winning exponentially.  Unless you're farming petabytes, using the rule of large numbers to take out the lottery element, its not worth the time of smaller farmers imho. It may be worthwhile when they introduce pooling.
    • Yeah, you can trade whenever you want. 
×
×
  • Create New...