target adding after active trade

• 07/10/2024 at 6:48 PM #235028
  aApP2453wwLl5521

  forgive me if you see this post again–i had entered my question on another part of the platform before i saw this area to post in

  example:

  i have entered an active trade  .4 contracts and my initial target was 1111 to close .4 contracts

  but after i have entered my active trade i want to change my order to close .2 contracts at 1111 but in addition  now i want to  close remaining .2 contracts at 1112

  is it possible to add an additional target after have entered an trade

  thank you

  allen nelson

   

  

  aApP2453wwLl5521

  Participant

  Topics: 3

  Replies: 1

  Been thanked: 0 times
  07/11/2024 at 8:59 AM #235047
  robertogozzi

  You can close ALL contracts with either at-market or pending orders, in this case you dont’ even need to sopecify the number of contracts:

  SELL AT MARKET //close ALL long contracts AT MARKET SELL AT ExitPrice STOP //close ALL long contracts using a STOP pending order SELL AT ExitPrice LIMIT //close ALL long contracts using a LIMIT pending order // EXITSHORT AT MARKET //close ALL short contracts AT MARKET EXITSHORT AT ExitPrice STOP //close ALL short contracts using a STOP pending order EXITSHORT AT ExitPrice LIMIT //close ALL short contracts using a LIMIT pending order

  1 2 3 4 5 6 7

  SELL AT MARKET               //close ALL long contracts AT MARKET SELL AT ExitPrice STOP       //close ALL long contracts using a STOP pending order SELL AT ExitPrice LIMIT      //close ALL long contracts using a LIMIT pending order // EXITSHORT AT MARKET          //close ALL short contracts AT MARKET EXITSHORT AT ExitPrice STOP  //close ALL short  contracts using a STOP pending order EXITSHORT AT ExitPrice LIMIT //close ALL short contracts using a LIMIT pending order

  If, instead, you want to partially close a position (just a few contracts, not all of them), then you need to use AT-MARKET orders . To exit some contracts at a desired ExitPrice you will have to check it’s been reached (using = or > or >=):

  IF close >= ExitPrice THEN SELL 2 CONTRACTS AT MARKET //close 2 long contracts ENDIF

  1 2 3

  IF close >= ExitPrice THEN    SELL 2 CONTRACTS AT MARKET //close 2 long contracts ENDIF

  if the position is only 2 contracts, then all of them will be closed.

  1 user thanked author for this post.

  Iván

  

  robertogozzi

  Moderator

  Topics: 69

  Replies: 17188

  Been thanked: 4064 times
  07/11/2024 at 4:41 PM #235110
  aApP2453wwLl5521

  thank you for answer

  allen

  

  aApP2453wwLl5521

  Participant

  Topics: 3

  Replies: 1

  Been thanked: 0 times
• Author
  Posts