I trade the ES futures and have a question about how best to accomplish what I want to do using ATM. I have my ATM all set and it works fine.
What I do is place an order using an ATM with the following;
1 limit order for entry
2 Profit Targets
1 Stop Limit order
What I usually place this order as the market opens at a certain price.
If that price never gets hit then I look for a different type of setup that also uses the same ATM (same order rules). I never know which one order will get hit during the day but I want to leave them both in place so I stay in the Globex queue.
When I tried this today by placing a second order (other order was sitting there not filled) it seemed as it just added the number of contracts to my original order at a new price. What I mean is in the matrix I did not notice a separate stop or limit orders for the stop limit or multiple profit targets for the second order.
I want these orders to use the same ATM rules but be independent of each other.
Hope this makes sense but if not feel free to ask and I will try to explain it better.
Can you let me what is the best way to accomplish this.
Thank you
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