The Target tab displays the price levels of the corresponding target orders and their volumes.
Each AT++ strategy will allow you to submit up to three different targets. The targets can be changed or moved until the moment that the first target is executed.
Target size 1 - 3
The Target tab displays the order sizes of the 1st, 2nd and 3rd target orders.
The order sizes are based on the position size and can be defined as percentages within the Setup Escort for the corresponding target.
Setting the target size above the suggested level (can only be done from within the Order Escort)
If you wish to set the target size above the proposed level, manually enter the desired target size or change the amount using the up and down arrow keys.
Once entered, the background color will change to red and will no longer be adjusted if the stop or entry orders are edited.
Here you are responsible for ensuring that the target sizes are consistent with the position size.
If you want AgenaTrader++ (plusplus) to calculate the target sizes automatically according to the risk-specific criteria, double click in this field and move the entry / stop line inside the chart.
Target price 1 - 3
The Target tab displays the prices of the1st, 2nd and 3rd target orders.
You can edit the price level in one of the following ways:
- Move the chart trader bar for the target order directly on the chart
- Enter a new price manually inside the Target price field
- Increase or decrease the price level tick by tick to the next high low using the up and down arrow keys
- Use the drop-down list to select a price among the 30 possible price levels in both directions.
The target order prices are based on:
- calculations applied to the target selected from the Target Escort list;
- minimal risk intervals defined in the Setup Escort.
Stop
IMPORTANT NOTE! THIS FEATURE WILL ONLY BE AVAILABLE IN FUTURE VERSIONS OF AGENATRADER.
The Stop checkboxes allow you to define the target order type:
- if checked - a stop target order;
- if not checked - a dynamic limit target order.
Example.
We will assume that you submit the target to the market as a dynamic limit order. After execution, this order becomes an additional trailing stop that will be triggered until the target marker is crossed. The stop target's trailing stop should run closer than the Soft Trail stop and will therefore start behind the bar that activated the stop target. The stop target will react similarly to a Hard stop and will be executed immediately. The advantage of this stop target method is that (partial) positions of targets will be secured but not closed, meaning that on a strongly trending market more profits can be realized with a larger position size.
Lock
If you have suggested (unconfirmed) orders within the chart and check the Lock checkbox, the targets will no longer be recalculated if the entry or stop order is edited.