Partially close positions

Johan · 2016-11-17T12:34:27+00:00

I’m building a strategy that closes half of all positions once reach 50% of profit target. It works great while backtesting it but i’ll get a warning and can’t activate it. Error: “Trading systems with orders that partially close a position cannot be sent to ProOrder. make sure no quantity is specified in instructions to close positions (in this case the instruction closes all the entire position.)” My code: if longonmarket then if (close > tradePrice) then sell (mylot / 2) contract at (tradePrice + ((targetprofit / 2) * pipsize)) limit endif endif set target pprofit targetprofit

Viewing 5 posts - 1 through 5 (of 5 total)

Author

Posts
11/17/2016 at 1:34 PM #16723 quote
Johan
Participant

Average
I’m building a strategy that closes half of all positions once reach 50% of profit target. It works great while backtesting it but i’ll get a warning and can’t activate it. Error: “Trading systems with orders that partially close a position cannot be sent to ProOrder. make sure no quantity is specified in instructions to close positions (in this case the instruction closes all the entire position.)” My code:
```
if longonmarket then
if (close > tradePrice) then
sell (mylot / 2) contract at (tradePrice + ((targetprofit / 2) * pipsize)) limit
endif
endif

set target pprofit targetprofit
```
11/17/2016 at 8:41 PM #16742 quote

Elsborgtrading
Participant

Veteran

Hi Johan. PRT V.10.2 does not allow partially closing of position. we need wait until PRT v.10.3 Cheer Kasper

11/20/2016 at 8:04 PM #16863 quote

Johan
Participant

Average

Thanks Kasper. I’ve been in touch with IG and they thought 10.3 will be available sometime early 2017. Let’s hope so!

05/08/2017 at 10:10 PM #34873 quote

neffets89
Participant

New

Hi Johan, I am very interested in such kind of strategy. Are there any new so far? Thanks Steffen

05/09/2017 at 7:44 AM #34883 quote

Elsborgtrading
Participant

Veteran

No still not available- I suggest to make 2 Proorder of the same strategy- one with a fixed TP and one that breaks even with the fixed TP and initiate a trailing stop.
Author

Posts