Open two positions simultaneously with different SL

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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

Legend

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

Legend

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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