How to set a stop loss and take profit in DeepCharts before you enter a trade.
Open the trading panel, turn on OCO Strategy and set Mode to SL/TP. Set the stop and target in ticks, and every entry can come out with both attached. OCO means one cancels the other, so when one leg fills, the other is canceled. You can drag either one to move it. DeepCharts is a paid platform you can add when you open an Optimus Futures account, and the data feed is billed separately.[0:00] – Two exits, one setting]
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There is a substantial risk of loss in futures trading. Past performance is not indicative of future results. When considering technical analysis, please remember educational charts are presented with the benefit of hindsight. Market conditions are always evolving, and technical trading theories and approaches may not always work as intended. The placement of contingent orders by you or broker, or trading advisor, such as a “stop-loss” or “stop-limit-order, will not necessarily limit your losses to the intended amounts, since market conditions may make it impossible to execute such orders. The high degree of leverage that is often obtainable in commodity interest trading can work against you as well as for you. The use of leverage can lead to large losses as well as gains. Optimus Futures, LLC is not affiliated with nor does it endorse any trading system, methodologies, newsletter, or other similar service. We urge you to conduct your own due diligence.
