closing one position when theres more than one opened

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02/23/2021 at 1:30 AM #162395 quote

kevin12345
Participant

Average

hi,

if i have more than one position in the market and i want to close a specific position, how do i do that?

02/23/2021 at 7:06 AM #162398 quote
robertogozzi
Moderator

Master
You cannot close a specific position, just one position (exit 1 Long position instead of exiting all positions):
```
SELL 1 contract AT Market //instead of SELL AT Market
```
02/23/2021 at 9:10 AM #162403 quote

kevin12345
Participant

Average

if i have 4 long positions and i sell 1 of them, which one does it sell? most recent or first one that was opened?

02/23/2021 at 9:51 AM #162407 quote

robertogozzi
Moderator

Master

Good question…. I don’t know, but I guess ProOrder’s logic should be to close the most profitable one!

02/23/2021 at 10:40 AM #162409 quote

GraHal
Participant

Master

In my experience when manual trading, the position that gets closed first is the oldest position!

If the oldest position happens to be the biggest loser then tough … that is what gets closed!

Easy to test out on Demo in Auto-Trading (with a trial / quickie code) … be sure to let us know your finding please?

02/23/2021 at 2:11 PM #162435 quote

Nicolas
Keymaster

Master

Closing position is FIFO (First In First Out), so it is always the oldest order that is closed first.

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closing one position when theres more than one opened

ProOrder: Automated Strategies & Backtesting

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kevin12345 @kevin12345 Participant

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This topic contains 5 replies,
has 4 voices, and was last updated by Nicolas
5 years ago.

Topic Details

Forum:	ProOrder: Automated Strategies & Backtesting
Language:	English
Started:	02/23/2021
Status:	Active
Attachments:	No files

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