Reduce order size once profit reaches certain amount?

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    robdav
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    Hi All

    If ProOrder opens a trade at £2/point and it makes 10 points, is it then possible to get ProOrder to reduce the position size to £1/point? If so, is there some example code somewhere?

    If it is possible, a second question is could it work with Nicolas’s trailing stop code here https://www.prorealcode.com/blog/trading/complete-trailing-stop-code-function/

    Many thanks

    Robert

    #28316 quote
    Wing
    Participant
    Veteran

    Not possible to partially close positions. You would need to sell two lots and then buy one, or have an additional system that hedges with one lot.

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Reduce order size once profit reaches certain amount?


ProOrder: Automated Strategies & Backtesting

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robdav @robdav Participant
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This topic contains 1 reply,
has 2 voices, and was last updated by Wing
8 years, 12 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 03/12/2017
Status: Active
Attachments: No files
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