SET TARGET PROFIT

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  • 03/22/2021 at 11:22 AM #164876 quote
    Colter
    Participant
    New

    Hallo,

    Is it possible for the “SET TARGET PROFIT” function not to close the whole position but only 50% or 25% etc.

    Thank you and best regards

    André

    03/22/2021 at 11:44 AM #164882 quote
    robertogozzi
    Moderator
    Master

    Only use the ‘Insert PRT Code’ button when putting code in your posts, NOT text.

    Only post in the language of the forum that you are posting in. For example English only in the English speaking forums and French only in the French speaking forums.  I moved it from the German forum.

    Thank you 🙂

    03/22/2021 at 11:48 AM #164884 quote
    robertogozzi
    Moderator
    Master

    No, SET TARGET PROFIT sets a profit for ALL open positions.

    To partially close positions you have to use pending orders so that you can close only the percentage of positions neeeded.

    When partially closing positions beware to leave open at least the minimum lot size required by the broker for the traded instrument.

    03/22/2021 at 12:35 PM #164891 quote
    Mattias
    Participant
    Senior

    Oh my, partial close is possible with IG in automated trading! When did this happen? I have completely missed this.

    03/22/2021 at 12:57 PM #164896 quote
    robertogozzi
    Moderator
    Master

    It happended around mid December 2020 when IG started to support v11.

    It’s a much acclaimed feature.

    03/22/2021 at 12:58 PM #164898 quote
    robertogozzi
    Moderator
    Master

    @Colter

    Do not double post. Ask your question only once and only in one forum. All double posts will be deleted anyway so posting the same question multiple times will just be wasting your own time and will not get you an answer any quicker. Double posting just creates confusion in the forums.

    I deleted the other post in the German forum.

    Thank you 🙂

    03/22/2021 at 1:13 PM #164903 quote
    Mattias
    Participant
    Senior

    It certainly is! This changes so much, I was seriously thing about changing broker and platform because of this, now I don’t need to!

    But hedging, having both long and short positions at the same time in automated strategies, is not possible yet right?

    03/22/2021 at 1:43 PM #164904 quote
    GraHal
    Participant
    Master
    Mattias wrote:

    But hedging,

    Yes you can hedge, but needs to be in  2 x Algos and also NOT using Guaranteed Stops / Limited Risk on these 2 x Algos.

    03/22/2021 at 1:46 PM #164907 quote
    Mattias
    Participant
    Senior

    Yes, that’s what I though, thanks. Would be nice to have in the same strategy though. 🙂

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SET TARGET PROFIT


ProOrder: Automated Strategies & Backtesting

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Colter @colter Participant
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This topic contains 8 replies,
has 4 voices, and was last updated by Mattias
4 years, 11 months ago.

Topic Details
Forum: ProOrder: Automated Strategies & Backtesting
Language: English
Started: 03/22/2021
Status: Active
Attachments: No files
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