Thanks Vonasi for confirmation on no partial exists with IG (With no quotes 😉 )
Do you think Scaling Into Trades is possible as we exit all on Target or Stoploss ?
What does ratio stoploss/target have to do with scaling out??
Above was all you needed to Quote and then add your comment / response to that specific text.
You’ll have Vonasi after you again!! 🙂
We only need to select the part of a post that is most relevant to the comment / answer we wish to make.
If we all Quoted 100% / Full posts before we make another comment then posts get very tiring as we end up reading everything 2, 3, 4 or more time etc.
Just trying to help … in case you had not realised that you can select a portion of a post and then click on Quote??
Scaling in to trades is possible. If you use SET TARGET PROFIT and SET STOP LOSS then each position will have its own stop loss and take profit at what ever distance you have set in the instructions so they will all exit at different prices but the exact same distance from the entry price. If you use pending STOP and LIMIT orders then you can get them all exiting at the same price.
So technically I guess you can open multiple positions at different prices and then if SET TARGET PROFIT or SET STOP LOSS makes one of them exit then you could send new SET TARGET PROFIT and SET STOP LOSS instructions with different distances.
Thanks Vonasi, I will begin by a backtest to see if if will be interesting (not sure)
First backtest
Scale in+trailing stop+Breakeven : Seems not very concluant 🙁
I now try Scale in+breakeven….
Well Scale into trade + breakeven = Not good at all = Direct to Trash
EUR/USD 1 mn 100 k
🙁
IG do not allow partial position closure in live trading so scaling out is impossible in an auto strategy.
Hello Vonasi, just wanted to tell you that this is not tru, or maybe I misinterpreted it. IG does allow partial closure in manual trading
Try to put a strategy live that does the following and you will find that IG does not allow partial position closure:
if not onmarket then
buy 2 contracts at market
endif
if onmarket then
sell 1 contract at market
endif
Do this and you will find that IG does allow partial position closure but only if you buy at different times and close at different prices:
if not onmarket then
buy 1 contract at market
endif
if countofposition = 1 then
buy 1 contract at market
endif
set target %profit 1
set stop %loss 1
Only if you manually trade do IG let you truly partially close a position with no strings attached.
Hi Guys,
I contact PRT this morning about scaling out trades with IG (Because I thought it was a problem of version of PRT)
The woman says it doesn’t depend on PRT but from IG and it doesn’t depend on 10.3 or 11.1 version but from IG
In summary, we could do scaling out trades if IG wants to, even if they are in 10.3 it seems
Bye
IG do not allow partial position closure in live trading so scaling out is impossible in an auto strategy. We can back test with partial position closure because the PRT platform is set up to allow this but the broker does not allow it in live trading.
I do believe that I already said that! 🙂
It was to see if it was a problem of version of PRT (And the problem will be solved with the new version when IG get the PRT 11.1) or a problem with IG and even if the PRT 11.1 it will take more time 😉
