Multiple stop losses & profit targets for a number of lots while trading on MCX?

#1
I have a strategy for MCX commodities. How can I automate it?

Let's say I limit buy order for crude oil at 3000 with 4 lots with sl at 2990.

I want to sell 1st lot at 3010. When price crosses 3010 then I want to modify my order as followed - sell 2nd lot at 3020 (fixed sl for all remaining lots = 3010). After price crosses 3020, I want to sell the 3rd lot at 3030 (fixed sl for all remaining lots = 3020). After price crosses 3030 then I want to have my 4th lot 's sl changed to a trailing sl of 10.

I am registered to SAS online brokerage.

I just want to put in my limit order buy price and then automate everything else that I've described in the strategy. How can I do it?

Thank you.
 

umeshmandal

Well-Known Member
#2
I have a strategy for MCX commodities. How can I automate it?

Let's say I limit buy order for crude oil at 3000 with 4 lots with sl at 2990.

I want to sell 1st lot at 3010. When price crosses 3010 then I want to modify my order as followed - sell 2nd lot at 3020 (fixed sl for all remaining lots = 3010). After price crosses 3020, I want to sell the 3rd lot at 3030 (fixed sl for all remaining lots = 3020). After price crosses 3030 then I want to have my 4th lot 's sl changed to a trailing sl of 10.

I am registered to SAS online brokerage.

I just want to put in my limit order buy price and then automate everything else that I've described in the strategy. How can I do it?

Thank you.
No idea at all ! Not much of a computer guy ! :p But would request ou to share the solution as and when you find one !
 

trader21

Active Member
#4
For proper automation, you will need an API. Nest Plus API is recommended because it is economical and robust. Check if your broker can provide it.
 

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?