Can anyone tell me if it is possible to code something to stop and reverse a trade immediately?
I was told it could be coded and run off a hotkey.
If anyone knows NinjaTrader, then you'll know there is 1 single button to click and it closes the existing trade and reverses it using the same stop/limit orders. So if you had a 15 pip stop and a 30 pip target and the trade turned against you, you could click reverse and it would put you in the trade in the opposite direction. This works well in quick moving situations like news trades gone wrong.
If someone could let me know if one already exists or if one could be coded, that would be great
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