Batchtrader with WTT

[JulianCohen]

Does anyone use Batchtrader to manage Stop entries on a WTT system?

My system uses breakouts so I am buying if the price is a tick higher than the highest high. So I will be placing Stop orders. I have four positions free and six potential buys, so I was planning to use Batchtrader to run the Stop entries and if too many are entered to close out the excess. Or should I just place the six orders and sell out any excess myself manually?

Any reason I can’t do that?

Also as it is a weekly system I will place the same orders every day of the week until four are filled, as each day of the week is the same bar on a weekly basis.

Is my logic faultless:)

[Nick Radge]

You wouldn’t need to place the orders each day – just make them GTC at the start of the week then cancel them manually at the end of the week if not filled.

I would suggest the quantity of trades and work required would make BatchTrader a bit overkill.

Would probably be appropriate if you had a daily ‘Turtle’ style system.

[JulianCohen]

Nick Radge wrote:

You wouldn’t need to place the orders each day – just make them GTC at the start of the week then cancel them manually at the end of the week if not filled.

I would suggest the quantity of trades and work required would make BatchTrader a bit overkill.

Would probably be appropriate if you had a daily ‘Turtle’ style system.

Yeah I was overthinking it. I’ll set it up as GTC and then sell out any excess if they occur.

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