Input momoAverageType = AverageType.SIMPLE ĭef k1 = avg + (hb * Average(TrueRange(high, close, low), length)) ĭef k2 = avg + (mb * Average(TrueRange(high, close, low), length)) ĭef k3 = avg + (lb * Average(TrueRange(high, close, low), length)) Įlse if Momo > 0 and Momo avgMomo and Momo > 0 # v1.1 : : Added avgMomo Acrylic line color and optional avgMomo cloud # v1.0 : : Added Momo Average and Vertical Squeeze Fire On/Off lines
When I want out, I want out right now, without confirmation. The default button in Active Trader is Flatten but I change it to Flatten Now. Rather than hoping for recovery, exit and look for a better trade.Īll that said, Auto-Send and Flatten Now can be lifesavers. 50 drop in the underlying can be unrecoverable for your option position, depending on the market. Better to take that small profit and then re-enter again and ride the trend up again if it rebounds rather riding the trade down to a potentially unrecoverable level. Take what the market gives you rather than trying to read tea leaves. It's a tough habit to get into and when I break my own rules it costs me. Limits are good for long trends but if the market changes I just hit Flatten Now before I'm stuck trying to catch falling knives and end up having a win turn into a loss. Options prices plummet far faster then the underlying so I take what the market presents me. The most important aspect of scalping options is that if momentum slows a bit, exit. I primarily scalp options so I'm hands-&-eyes-on throughout the trades. Sometimes I remove the Stop and never take my eyes off of the Active Trader Ladder. Click to expand.Market Makers can see your stops.
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