No partial position closing?
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- This topic has 12 replies, 7 voices, and was last updated 4 years ago by Nicolas.
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12/06/2017 at 12:27 AM #54838
Hi everyone,
Is there a way around the ‘no partial position closing’ condition that is imposed when I try and live trade a strategy?
For example, I want to buy 2 per point and then sell off 1 per point at some condition (leaving in 1 per point) and then sell off the other 1 per point at some other condition?
At the moment I am getting the error message ‘Trading systems that partially close an order cannot be sent to ProOrder….’
Not sure if I’m missing something obvious,
Thanks in advance!
12/06/2017 at 9:33 AM #5486312/06/2017 at 9:42 AM #54866To be more clear: partial closure is working in demo/paper trading but not available through IG with ProOrder.
In fact there is a workaround:
Launch multiple strategies with different takeprofit or exit conditions to simulate those partial closures. This is how I deal with this kind of strategy for my customers.
1 user thanked author for this post.
12/06/2017 at 12:56 PM #5489003/06/2018 at 10:34 PM #64628Is there likely to be any movement on partial closes? Institutions do this all the time and IG not allowing it smacks of retail bucket shop drills.
03/07/2018 at 7:49 AM #6464503/07/2018 at 11:17 AM #6466105/17/2018 at 10:14 AM #70692Hi Nicolas, sorry for using this old thread, hope it’s ok.
If using two separate strategies as you mentioned, is it possible to raise the stop loss at the continued strategy to break even/small profit?
Example. The main goal is to exit at 3 points, but take partial profit at 1 point and raise the stop to the +0.5 point position (example based on 0.5 spread).
– So strategy 1 exits at 1 point.
– But is it possible for strategy 2 to trigger at +1 point to change the stop to the +0.5 point positition/index value?Thanks.
05/17/2018 at 3:43 PM #7071301/10/2019 at 2:58 PM #88313Hi all,
I asked IG when this option of Partial Closure I probuilder will be available.
They reply:
“might take a long time since there’s only a few people requesting it and we work on a priority list whereas as we implement or initiate a function due to its demand from clients so it may take a while for us to implement this as the demand is too small”
Then I encourage all of you to request this option and make a bit of pressure.
Cheers1 user thanked author for this post.
01/10/2019 at 3:24 PM #8831509/03/2019 at 9:09 PM #10640709/04/2019 at 7:38 AM #106425 -
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