Stop-loss and Target Profit (round Trip Order Fees)

[shooly76 10]

I have traded end of day in the past.. and paid for stop orders if hit (OTO), but never day traded live. so when day trading live, I only pay brokerage fees when my stop or target is hit? regardless of how many times I need to move them?

 

Ill be using NT7 w CQG data feed...is there still a specific order type I need to put in when using this, like OTO, or OT2? or just buy sell and stop straight up? I have sim traded on this and never had to put in a specific order type, just buy sell and stop directly from the chart trading feature. it never prompted me for specific order type

[pbylina 10]

I have traded end of day in the past.. and paid for stop orders if hit (OTO), but never day traded live. so when day trading live, I only pay brokerage fees when my stop or target is hit? regardless of how many times I need to move them?

 

Ill be using NT7 w CQG data feed...is there still a specific order type I need to put in when using this, like OTO, or OT2? or just buy sell and stop straight up? I have sim traded on this and never had to put in a specific order type, just buy sell and stop directly from the chart trading feature. it never prompted me for specific order type

 

Yeah when your stop hits its considered an order so you pay commission. You can move it how many times as long as it doesnt get filled. You could just use NT superdom and it makes orders easier. Just click the price you want your limit at. Or click buy at market. And it has ATM strategy that puts a stop any size you want automatically and you even can make it so lets say you 5 ticks in profit, then it moves your stop to breakeven.