How to place Orders with TP1..TP2.. and take Profits in Stages

• 12/23/2020 at 11:24 AM #154961
  SeppT

  How to place orders with various TP- Levels in v11?

  How to take Profits at various Levels of the Trade in v11? i.e. The Trade has reached a Level and I want to take out 50% Profit with the remaining 50% caring on.

   

   

  

  SeppT

  Participant

  Topics: 4

  Replies: 2

  Been thanked: 0 times
  12/23/2020 at 11:44 AM #154965
  robertogozzi

  There you go (sell half position after 30 pips gained):

  IF MyLongConditions AND Not OnMarket THEN BUY 2 contracts at Market SET STOP ... SET TARGET ..... ENDIF IF LongOnMarket AND ((close - PositionPrice) > 30 * PipSize) THEN SELL 1 contract at Market ENDIF

  1 2 3 4 5 6 7 8

  IF MyLongConditions AND Not OnMarket THEN    BUY 2 contracts at Market    SET STOP ...    SET TARGET ..... ENDIF IF LongOnMarket AND ((close - PositionPrice) > 30 * PipSize) THEN    SELL 1 contract at Market ENDIF

   

  1 user thanked author for this post.

  SeppT

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17138

  Been thanked: 4031 times
  12/23/2020 at 11:57 AM #154969
  Vonasi

  SeppT  – Your topic has been moved. It is an auto strategy question and not a platform issue.

  Please post your future topics in the correct forum:
  _ ProRealTime Platform Support: only platform related issues.
  _ ProOrder: only strategy topics.
  _ ProBuilder: only indicator topics.
  _ ProScreener: only screener topics
  _ General Discussion: any other topics.
  _ Welcome New Members: for new forum members to introduce themselves.

  

  Vonasi

  Moderator

  Topics: 192

  Replies: 5088

  Been thanked: 1811 times
  12/24/2020 at 2:05 PM #155127
  SeppT

  Hi Roberto,

  Tank you for your response and the code. I however won’t to do this on manual trades not as an auto strategy.

  

  SeppT

  Participant

  Topics: 4

  Replies: 2

  Been thanked: 0 times
  12/24/2020 at 2:20 PM #155130
  GraHal

  Manual trade is even easier surely … Buy 2 then sell 1 ?? 🙂

  

  GraHal

  Participant

  Topics: 212

  Replies: 8786

  Been thanked: 2185 times
  12/24/2020 at 2:32 PM #155134
  SeppT

  Thanks for your responce. I Figured that much, What Im trying to figure is how to take out 50% at TP1 a further 25% (of the remaining 50%) at TP2… and the rest can run till exit criteria is met.

   

  

  SeppT

  Participant

  Topics: 4

  Replies: 2

  Been thanked: 0 times
  12/24/2020 at 4:03 PM #155145
  GraHal

  So in manual trade … Buy 2, sell 1, then sell 0.25 then 0.75 runs until it meets your exit criteria?

  

  GraHal

  Participant

  Topics: 212

  Replies: 8786

  Been thanked: 2185 times
• Author
  Posts