Reduce order size once profit reaches certain amount?

Forums ProRealTime English forum ProOrder support Reduce order size once profit reaches certain amount?

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by avatarWing.
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  • #28304

    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

    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.

    1 user thanked author for this post.
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