@Vonasi
No, all orders have the same TP & SL. When even you use SET TARGET or SET STOP, all orders are affected by the new TP & SL values.
I think Nicolas means that PRT somehow keeps track of the positions and if you for example give the command SET TARGET PPROFIT 20 for a cumulated position, PRT will close all contracts with exactly 20 points profit. PRT is not averaging and defining the target as 20 points from the average position price. Every contract is treated separately and closed after 20 points.
If you after this set a new target this effects all open contracts and not just the last opened.
AVTParticipant
Senior
You are doing nothing else than saying:
- Order 1: buy 1 contract at 12.200, exit at 12.220
- Order 2: buy 1 contract at 12.210, exit at 12.230
- Order 3: buy 1 contract at 12.220, exit at 12.240
This is cumulate orders with a fixed TP of 20. A partial close would do this:
- Order 1: buy 3 contracts at 12.200
- exit 1 at 12.220
- exit 2 at 12.230
- exit 3 at 12.240.
And this is not possible, because one buy order is one order and treated like one order (you can leave it running forerver or close it).
Everyone finally understood, it’s perfect, we’ll be able to go back to work 🙂
I’ll take some rest next week, take care!
Thanks Despair – that clarifies it. So cumulated positions can only be closed all at once with a LIMIT or STOP or AT MARKET order or they can be closed gradually at a STOP LOSS or TARGET PROFIT amounts. This STOP LOSS or TARGET PROFIT can be changed but will be changed for all open positions. Now I understand why some of my strategies have not been doing what I expected them to be doing!
Seems like they made an update where it should be possible to partially close positions:
https://prt.md.it-finance.com/IGIndex/features_complete_10_3/features_complete_10_3_prt_en_GB.phtml?#S-103-2
But when i try to run the code i get this error message in ProRealTime:
Trading systems that partially close a position cannot be sent to ProOrder…
Anybody knows whats going on?
Partial closure currently works for manual trading only and not with ProOrder. It is not supposed to be long before it arrives though.
“Partial close of positions is now available in manual and automated trading through ProRealTime.”
… Ok so it’s not only for me – it’s a typo and affect everyone? Very unprofessionally, they shouldn’t write this stuff if it aint working. Especially because they would know this is something people are waiting on very much. And still is 🙁
Yes it was already discussed here – you may have missed it.
Partial closure zero quantity exits
Hi there, just a quick question with this.
I have found accumulating orders to be very useful – that is if your system gets past an initial danger phase – where you are more susceptible than otherwise to ruin – until you have hopefully proceeded and built up sufficient capital.
To that end, I was hoping that the code below would work – to sell out/de-leverage if things aren’t going my way – the aim being to keep only 1 contract going in the market at all times.
It’s a great idea if it would work – but does this then fall under the banner of not being able to close out partial positions?
If EQUITYCURVE crosses under 1000 and abs(countofposition)>1 then
sell (abs(Countoflongshares)-1) shares at market
exitshort (abs(countofshortshares)-1) shares at market
endif
Thanks,
Finning
@Finning
Not yet possible in real live trading, but you can use it for sure in your backtests.
I’m not aware of the real date about the release of the full functioning of partial closure for ProOrder. I know ITF is very busy with the upcoming release of v11, so I’m sure this feature will be planned just after that.
any news on V11? can not wait for the partial close option!
BelParticipant
New
Swapped emails with IG some weeks ago and partial position closing is still unavailable with auto trading was their reply.
Regards.
Sure it’s not available yet, that wold be bad business,
Also liberating for individuals, that work and study hard!
I heard its available on competitors platforms but I’m saying nothing!
Surely slightly offset Entry points, followed by largely of set profitable Exit points works, somehow!
Although, I have tried separate Entry points on an individual ProOrder and found it will not run, I must be missing something, although I know, defiantly any condition matched for an Entry is possible, So why not any condition match for multiple Entries with off set or different conditions on a single system
