Current scenario example: Start trade A by buying 1x stock @ $50, no stops or brackets, just letting it ride. Then start trade B by buying 1x stock @ $30, with a $5 bracket SL/TP. Right now, when the bracket triggers, its triggering for trade A (resulting in a loss no matter what). The system is not currently differentiating by trade, it just wants to do first-in, first-out.
Can we please make it where we can differentiate these trades, so that in the example, I’d be able to execute trade B, while leaving trade A untouched?
My reasoning is that I’d be able to trade smaller, immediate price action, while also having a longer-term open position.
Respectfully, I disagree that this is “not a very smart way to trade”. As I mention in the last paragraph of my post, I’m wanting this feature so that I can utilize two different trading styles, one that is riding longer-term momentum, while the other is utilizing short-term scalping that takes advantage of smaller moves.
This is very much a valid style and I’d still like to see the original request implemented as a feature.
I would love this! This is the only reason I use Sierra Chart instead of Tradovate is because Sierra offers LIFO (Last In First Out). To mix up the example, I would say to look at adding to winners instead of adding to losers. It honestly will be the same mathematically as FIFO but trading is about psychology and I believe LIFO is a tool that can help traders with the psychology of managing a trade. It helps me at least, and that is why I have to use Sierra Chart until Tradovate adds this feature!
Upvoted. Would love to have LIFO as an option instead of FIFO. I think it’s easier to keep up with and potentially more profitable because you can let an old winner continue winning from likely a better entry price.
I would like to see this as well. I like to take longer moves and counter trade up and down within that move and didn’t realize this wasn’t possible until I tried it and it closed my 1st trade when the 2nd scalp was triggered. Bummer for sure.
It’s not coming soon…here’s a copy paste of my response in another thread. They havn’t even had an update in 2 years…since Ninja bought them out. All the good coders went on to different platforms…and Brian Weiss that was Tradovates guy and use to come in here, has a diff job with Ninja…Greg their IT/coder guy is gone too. This forum is an old ghost town.
copy/pasted the below comment from another post
From earlier:
Don’t bother requesting. This forum and platform was given up on when Tradovate sold to Ninja for their customers. I’ve had an acct with TVate from the begining, and am grandfathered in with a couple things, there hasn’t been an update in 2 years or more, no one from Tradovate/Ninja visits this forum anymore. Brian Weiss has “new position” with Ninja…idk what happen to Greg…TVate’s main coder/IT guy that was always in here. It’s a dead forum. I’m just letting you guys know so you don’t waste your time wishing and hoping. Too bad someone couldn’t pin this post…but if anyone wants to copy/paste when someone posts a new thread, or even start a new thread with this post, feel free. It probably won’t help much, but maybe someone from the company will see it. In fact, the last time I contacted live “help” from the chart browser, they didn’t even know the forum existed. And when they told me they weren’t aware of any problems, I pointed them to this forum where there are complaint after complaint of the same thing…and then I never heard back from them. There were a bunch of really good coders building great indicators that gave up and moved on after awhile. It had promise in the beginning. Perhaps that was their business model, build a decent client base, then sell the Co.?
The platform has just gotten impossible to use, and the fact they no longer are compatible, or connect with Sierra Chart, is an another issue. I suspect because Ninja owns them now and would like you to use that platform. Fact is, for me, when blips or server connections start to cost you money, or spending a half hour everyday trying to get indicators to load, or not there even when you switch timeframes…it’s just time to move on…