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IOG Visual Scale-Out Exits
Package: IOG Visual Scale-Out Exits for TradeStation
Scaling out of a position is a powerful technique - one endorsed and used by many (dare I say most?) successful professional traders. This package offers 3 strategies for flexible, convenient scale-out trade management, coupling Scale-Out Profit Target Exits with an "Active Trailing Stop" (ATS), and a worst-case StopLoss, with all exits evaluated and acted on tick-by-tick using Intrabar Order Generation (IOG).
This is our latest, most advanced exit package for TradeStation, intended for complete exit management evaluated at the tick level on any chart, any timeframe.
What It Is
Three strategies and three cooperating indicators, implementing up to 6 legs of scaling out on the profit side, along with a stop loss exit, and the advanced, user-definable "Active Trailing Stop" (ATS), with full visualization of your chosen levels, historically and in realtime.
The three strategy/indicator sets are:
| #P_SOP_Ticks_03V.IOG | (strategy and indicator defined in ticks) |
| #P_SOP_Pts_03V.IOG | (strategy and indicator defined in chart points) |
| #P_SOP_Pct_03V.IOG | (strategy and indicator defined in percent of EntryPrice) |
These IOG strategies work with stocks, futures and forex, on both daily, intraday, and tick charts, with TradeStation® 8.3 1631 or later.
What It Looks Like
Here's a picture of the the profit Scale-Outs and Active Trailing Stop in action, applied to the E-mini MidCap futures contract:
Notice the short profit exits ("sp"), the advancing ATS levels, and the final ATS exit ("SX-ATS").
Please visit the screenshot page to see many more pictures of the Visual IOG Scale-Out Exits in action.
How It Works
Every aspect of these strategies has been designed to allow for the simplest, most flexible optimization possible.
Each strategy is coded to perform take-offs in up to 6 increments. Each increment is expressed as an amount beyond the previous increment. This means that the distance to every level can be conveniently optimized without any "crossed" or nonsensical combinations being produced. Thus, you will be able to investigate desirable Scale-Out settings on the profit side for your chosen market(s) and entry styles, using all the power of TradeStation's built-in optimizer.
All the individual profit targets are referenced to a movable profit target base. Moving the profit target base conveniently moves the whole set of targets - simplifying backtesting and optimization.
A multiplier is provided for entire set of levels (Profit targets, StopLoss, and ATS), making it simple to widen or tighten all the exits at once, while keeping the same relationships in place.
Because these are Intrabar Order Generation (IOG) strategies, they evaluate on every tick, regardless of the timeframe of the chart to which they are applied. Exit orders (be they for profit or loss) are submitted as soon as 1 tick after your tick of entry. There is no faster automated way to manage your trades.
With separate strategies provided for specification in ticks, points, or percentages, this package covers your IOG exit needs in a logical way from the shortest timeframe to the longest.
Also, this package works GREAT with the latest IOG version of Manual Entry Automation, and also with the manual Kiwi TL and Limit Entry Strategies. This means that these sophisticated exits may be applied to either manual or automated entries.
The following video demonstrates one of these powerful new combinations:
What You Get
Included are three strategy/indicator sets:
| #P_SOP_Ticks_03V.IOG | (strategy and indicator defined in ticks) |
| #P_SOP_Pts_03V.IOG | (strategy and indicator defined in chart points) |
| #P_SOP_Pct_03V.IOG | (strategy and indicator defined in percent of EntryPrice) |
In each case, the strategy and the visualizing indicator share the same name, so you can tell which ones go together.
The package comes with detailed documentation in Word format, and with multiple demo workspaces, providing ready-to-go application of the strategies to stocks, futures and Forex.
What It Costs
Sophisticated exit management is one of the key techniques used by most most market winners. Shouldn't that group include you?
$500 gets you a license for the complete package, saving you the tremendous amount of study, coding and testing that would be required to create these strategies and indicators yourself.
The package is delivered in protected format, locked to your TradeStation Customer ID.
Note: the less advanced, non-IOG Classic Visual Scale-Out Exits package remains available for now (but may be retired later to simplify support). This package is end-of-bar only, and has a simpler BreakEven implementation rather than the Active Trailing Stop.
Note: Licensed users of the earlier, non-IOG version of Visual Scale-Out Exits are entitled (and encouraged!) to upgrade to this improved IOG version for the difference in price, $250. Use the button below to order your upgrade.
How You Get ItTo order, use the 'Add to Cart' button at the upper left of this page. Please provide your Customer ID with your order.
This package will be emailed to you after your PayPal payment is processed. Please be aware of the caveats before you order. Please provide your TS Customer ID with your order, and allow 48 hours for delivery.