# Multileg trades

**URL:** <https://forums.collective2.com/t/multileg-trades/6542>\
**Category:** C2\
**Created:** [February 23, 2006, 11:47am UTC](https://forums.collective2.com/t/multileg-trades/6542 "2006-02-23T11:47:27Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![Peter](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/peter/32/238_2.png) [@Peter](https://forums.collective2.com/u/Peter)\
**Post date:** [February 23, 2006, 11:47am UTC](https://forums.collective2.com/t/multileg-trades/6542/1 "2006-02-23T11:47:27Z")

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Can I suggest that a special alert/warning is used where systems rely on using multi leg trades, which in essence can hide losing ( sometimes very large) trades in one -eventually profitable- multileg trade -it goes aganist everything this site should be for - open transparent record of systems trades…

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**Author:** ![MichaelBernier](https://avatars.discourse-cdn.com/v4/letter/m/a183cd/32.png) [@MichaelBernier](https://forums.collective2.com/u/MichaelBernier)\
**Post date:** [February 23, 2006, 12:20pm UTC](https://forums.collective2.com/t/multileg-trades/6542/2 "2006-02-23T12:20:29Z")

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Peter,  
  
  
  
I second that motion. It also hides the commission costs.

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**Author:** ![Peter](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/peter/32/238_2.png) [@Peter](https://forums.collective2.com/u/Peter)\
**Post date:** [February 23, 2006, 12:48pm UTC](https://forums.collective2.com/t/multileg-trades/6542/3 "2006-02-23T12:48:20Z")

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Agreed Michael and makes working out trading margins/trading permissions a nightmare -some ‘single’ multileg trades have used up to 85 ES contracts!!!

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**Author:** ![PeterPritzl](https://avatars.discourse-cdn.com/v4/letter/p/d78d45/32.png) [@PeterPritzl](https://forums.collective2.com/u/PeterPritzl)\
**Post date:** [February 23, 2006, 1:40pm UTC](https://forums.collective2.com/t/multileg-trades/6542/4 "2006-02-23T13:40:22Z")

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With Realism Factor Calculations enabled in Closed Trades you can just mouse over the blue P/L number, click on it, and that opens a new window with every single trade entry/exit. Then you can just open a chart, and see how much a trade wounld have drawn down and if that is within your risk tolerance. Well, that needs a little work, but should not be too much once you are ready to pay for a system…I wish I had known about that feature and followed my own advice before I got into a certain system .  
  
By the way, doesn’t this new ‘drawdown calculation’ column do the same?  
  
Peter

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**Author:** ![Peter](https://yyz2.discourse-cdn.com/flex028/user_avatar/forums.collective2.com/peter/32/238_2.png) [@Peter](https://forums.collective2.com/u/Peter)\
**Post date:** [February 23, 2006, 2:43pm UTC](https://forums.collective2.com/t/multileg-trades/6542/5 "2006-02-23T14:43:03Z")

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Yes you’re right the new drawdown feature does help to highlight the multilegs but I just don’t think a site such as C2 should allow trade systems to ‘hide’ sometimes what amounts to multiple losing trades in a single multieg trade - it should be completely openly tranparent. If they do, some sort of alert should be used. It’s difficult enough for newbie traders as it is!! I have reviewed at least 4 systems which add to losing postions, have had away above average drawdown and postion sizing all nicely hidden a way in multilegs!!

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**Author:** ![HansHansen](https://avatars.discourse-cdn.com/v4/letter/h/f17d59/32.png) [@HansHansen](https://forums.collective2.com/u/HansHansen)\
**Post date:** [February 23, 2006, 2:57pm UTC](https://forums.collective2.com/t/multileg-trades/6542/6 "2006-02-23T14:57:14Z")

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The first time that I “legged out” of one of my positions, I was a bit surprised that the closed portion didn’t show on the closed trade list. But I think the idea is to hide the position from non-subscribers until it’s totally completed. ie - otherwise you’d be exposing your open positions and maybe allowing someone to freeload. Not that I agree, mind you, but I think that’s the logic behind ‘hiding’ the legs. I’d prefer that the closed portions be exposed immediately, but that’s just me.
