Exit Orders
FELLOW WIZARDS
The Wizard is a little different in the way that we handle an exit. We use the closing price to exit a trade as opposed, to a touch of the stop price. If we have a close and the stop has been penetrated, we then exit the trade. If it penetrates the stop price, but does not close beyond the stop price, we stay in the trade. Therefore, you don’t put a stop order in to exit, but monitor the trade and then react. This is the way we calculate and display our exits on the grid.
This is a copy of the exit order instructions that are located in the tutorials section.
(click on image for a larger view)
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