Once you are in a trade, GFP will auto-send exit orders with precision based on your TRUE average price based on the inputs.
This function is set to X Ticks rather than average profit. It is very similar to $ Profit. We suggest just using one or the other, but you can use both.
It will use the same True Average Price method and submit orders to exit X Ticks away each time based on a % or set Qty of contracts left.
Unlike $ Profit above, you will see these orders placed on the screen. $ Profit does not show the orders, they are all market orders at the time the conditions are met
Can you move the exit orders?
Yes, you can, if they are placed automatically for you, and you wish to move them on the screen or on the DOM, you can.
Can I change the inputs while I am live in a trade?
Yes, you can. If you can turn it on or off. Change the % or Qty, Change the Ticks. In other words, you can change all the settings live while in a trade and it will self adjust.
If I add or remove contracts before the first order was placed to exit, will it update?
YES! This is one of the best features of GFP. It knows how many contracts you have left and will always self adjust the exits.
Why would you use this function?
To tap into GFP's True Average Price method and place automatic exit orders with precision. No more guessing what your True Average Price is again. No more guessing where to place these orders manually. No more making errors doing this. No more wondering where to place these orders. Let GFP do all this for you.
On/Off = You have the option to use this function or not. You can turn this function off is it was on during the life of a trade.
% Qty Exit - The percentage of contracts to exit each time. It will be based on the change of contracts if you add or remove them during the life of the trade.
Qty Exit - This is an option, meaning, you can only choose % or Qty exit, not both. This would be a set number of contracts to exit each time.
Ticks - The number of ticks profits to submit the order.
Note: This Tick Exit function is a ONE TIME exit unless you choose to turn on "Con't Exit".
Con't Exit On/Off - If you wish to continue to exit, then turn this on. What it will do is know the 1st exit was filled, then submit a new order based on your ticks setting above again.
Reduce Next On/Off - This will reduce the number of ticks that were originally set. In other words, if you have 8 ticks profit above and you enter 2 ticks here, the new exit would be 6 ticks above the current price.
Reduce Ticks - This is the number of ticks that it would bring down each progressive new order.
Limit - This is the limit to bring the new exit orders. If you have 4 ticks in here, then it would not reduce below 4 ticks for each consecutive order.
Cycle Pro Go Fish Pro Index
Cycle Trader Pro is a complete trading software company that has created many custom indicators that show momentum and cycle reversals better than most others. We build custom auto order entry and exit applications, and auto trade system strategies.
The overall purpose of the Cycle Trader has been to continue to create trading indicators to show market momentum & reversals better than most other indicators. To create trading models to help traders understand what pattern the market may be in at the time to help them make the best choice in direction at the time.
We have designed trading apps to help traders save money entering and exiting positions. The goal was to make the trading apps automatically handle orders after entry. This way, you our traders could concentrate more on the direction of the markets than placing orders all the time. Then we added value for each trade from start to finish displaying personal trade data. The trade data with the CycleTraderPro apps is data one would not expect from others apps.
We run all the indicators, charts, Go Fish Pro and the Auto Entry on NinjaTrader
We offer just the indicators on MetaStock, TradeStation, MetaTrader and MultiCharts
Futures, Options on Futures and Forex trading involves a substantial degree of risk of loss and is not suitable for all individuals. An investor could lose the entire investment or, in some cases, more than the initial investment. Past performance is not necessarily indicative of future results.