I know I can scale out at market but that’s not helpful in the middle of the night.
You can put market orders in your Strategy Code with a price you like. It is a bit touch to explain this because it is too basic to explain ?
On the other hand, I can imagine how you read Roberto’s text because it seems a bit off your topic. This in itself could be caused by the way you asked the question (??).
I would not know why It would be not possible to
Why does the Limit Order force me to close the entire position?
do that. It is only that a Limit order normally won’t be used to “exit” (though it can). So you would be talking about a Stop order and NOT a Pending Stop order. So a Stop order (like a Limit order) can exit as many contracts (as much position) as you want.
So it seems that you are both guessing what the other means to say ?
If I am long 10 units of something, why can’t I set multiple limit orders to scale out in increments?
This would be the confusing one, because here you imply that you set these orders all at the same time (like you could do it manually, although with some “aiming” second in between them. But possibly similar to your perception of a “market” order (and its possibilities) you can subsequently (!) set as many Limit orders as you want. Or Stop orders for that matter – the ones you would be using. And again how to explain this ? it is too basic BUT it is program code that would accomplish it.
What you seem to ask for is the Pending Stop order (Set Stop Trailing) and *that* for each position you took (additionally). Well, that is not possible. But there we go again : you can make the trailing (which is what a Pending Stop would do) yourself (search this forum and you will find numerous examples).
Hopefully this will be helpful :
What you actually ask for is the “set” of orders belonging to each additional position taken. Well, this set does not exist in ProRealTime. It only exists for the cumulative quantity with is calculated average price and that is killing to deal with properly.
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