Open two positions simultaneously with different SL

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  • Author
    Posts
  • 01/11/2021 at 1:35 PM #157323 quote
    Mikael K
    Participant
    Junior

    Hi guys,

    short question. Is it possible to open two different positions simultaneously, both with 20 pip limit but one with 10 pip sl and the other with 20 pip sl?

     

    Sincerely

    /Mikael

    01/11/2021 at 2:21 PM #157336 quote
    robertogozzi
    Moderator
    Master

    No, because every time you execute SET STOP LOSS and SET TARGET PROFIT, all open positions will be updated to the new value.

    You can do it yourself by keeping track of  positions entered and using pending STOP orders to manage their SL.

    01/11/2021 at 4:45 PM #157374 quote
    Monobrow
    Participant
    Senior
    robertogozzi wrote:

    No, because every time you execute SET STOP LOSS and SET TARGET PROFIT, all open positions will be updated to the new value.

    Yes…. but I faced a problem at the weekend similar to this and used:

    If not onmarket then
Set stop/profit etc
End if

    And it did the job for me!

    that wont solve opening 2 different stops, but it did stop my profits and stops updating every bar. Perhaps theres something clever someone can do with variables and once statements? Not sure

    01/11/2021 at 5:22 PM #157379 quote
    Vonasi
    Moderator
    Master

    Not tested:

    //Get more accurate entry price once on market in case there was a gap
if onmarket and not onmarket[1] then
if countofposition = 2 then 
entryprice = tradeprice
endif
if countofposition = 1 then 
entryprice = tradeprice[2]
endif
endif

//Pending orders for two positions open
if onmarket and countofposition = 2 then
sell at entryprice + 20 limit
sell 1 contract at entryprice - 10 stop
sell 1 contract at entryprice - 20 stop
endif

//Pending orders for one position open
if onmarket and countofposition = 1 then
sell at entryprice + 20 limit
sell 1 contract at entryprice - 20 stop
endif

//Enter market and place pending orders for two positions
if not onmarket and (your entry conditions) then
buy 2 contracts at market
sell at close + 20 limit
sell 1 contract at close - 10 stop
sell 1 contract at close - 20 stop
endif
    robertogozzi and Monobrow thanked this post
    01/14/2021 at 10:26 AM #157765 quote
    Nicolas
    Keymaster
    Master
    Mikael K wrote:

    Is it possible to open two different positions simultaneously, both with 20 pip limit but one with 10 pip sl and the other with 20 pip sl?

    Yes with partial closure of position.

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Open two positions simultaneously with different SL


ProOrder: Automated Strategies & Backtesting

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Mikael K @mikael-k Participant
Summary

This topic contains 4 replies,
has 5 voices, and was last updated by Nicolas
5 years, 1 month ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 01/11/2021
Status: Active
Attachments: No files
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