Independent Stop Loss and Take Profit for Multiple Pending Orders

When the market is trading in a range, I may want to place two limit orders at the same time:

  • A buy limit order with a 50-tick stop loss and a 75-tick take profit.

  • A sell limit order with a 100-tick stop loss and a 150-tick take profit.

These orders may remain unfilled for some time. But I would like to be able to configure and attach separate stop-loss and take-profit values to each pending order before it is filled.

Currently, when multiple pending orders are active, I cannot safely step away from my desk because both pending orders share the same stop loss and take profit values. So, I need to manually manage the protective orders. Adding independent SL and TP settings for each pending order would allow traders to leave the pending orders unattended for a short period of time with more confidence.

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Upvoters
Status

In review

Board

💡 Feature Request

Date

4 days ago

Author

jagannath

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