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

SeppT · 2020-12-23T10:24:18+00:00

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.

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12/23/2020 at 11:24 AM #154961 quote

SeppT
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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.

12/23/2020 at 11:44 AM #154965 quote
robertogozzi
Moderator

Legend
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
```
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12/23/2020 at 11:57 AM #154969 quote

Vonasi
Moderator

Master

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.

12/24/2020 at 2:05 PM #155127 quote

SeppT
Participant

New

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.

12/24/2020 at 2:20 PM #155130 quote

GraHal
Participant

Master

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

12/24/2020 at 2:32 PM #155134 quote

SeppT
Participant

New

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.

12/24/2020 at 4:03 PM #155145 quote

GraHal
Participant

Master

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