I’m working on a mean reversion strategy which involves pair trading the ES & NQ with hedged positions. Here are a few issues.
Is there is a way to open both positions at once? Buying/selling one with a limit then automatically filling the other at market. I’d like to set the limit order by hand & have the other order filled automatically at market.
Check open P/L. If open profit is more than say $1000 close all positions or if open loss it greater than $300 close all positions. Would work like the daily loss limit & daily profit trigger but for open P/L. If this feature exists I’d be grateful to find out how.
I hope this post makes sense. Appreciate you taking the time to read/respond to this.
Alternatively, you can learn to do this on your own. If you want to take the journey, or if you want to provide documentation to a hired developer, I can share helpful Tradovate API-related material.
Thanks for the reply Alexander,
Time to make a big pot of coffee & read some documentation.