Something which have frustrated me for a while is that it's not possible to submit a buy stop and a sell stop order simultaneously when using an ATM strategy.
My ATM's basically submit a buy stop and a sell limit based on fill price when going long. And vice versa when going short. These are OCO, so I can leave my computer knowing I'm covered.
Great.
However, if the market is trading in a narrow range, I may want to submit a buy stop above the range and a sell stop below the range in order to catch the breakout.
This does not seem to work, though:
It seems like it's possible if you use separate ATMs, but that's not a very satisfactory solution unless that's the only way.
Thank you.
Johnny
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