Automated closes

[WokMan]

Is there a way to parially close a position when it hits a certain level to book profits?  Eg. 

 I place a £10 trade per pip..   The overall Limit is 20 pips.  

Is there a way, I can do a partial close of 5 at 10 pips, 3 at 15 pips and 2 at 20.   I should be able to split the lot and the levels. 

 

[Caseynotes]

1 hour ago, WokMan said:

Is there a way to parially close a position when it hits a certain level to book profits?  Eg. 

 I place a £10 trade per pip..   The overall Limit is 20 pips.  

Is there a way, I can do a partial close of 5 at 10 pips, 3 at 15 pips and 2 at 20.   I should be able to split the lot and the levels. 

 

hi, yes, first make sure 1-click dealing is switched off and 'net off' is switched on, then click on 'Close' the position and the options for partial closing will come up.

[WokMan]

On 29/05/2020 at 14:08, Caseynotes said:

hi, yes, first make sure 1-click dealing is switched off and 'net off' is switched on, then click on 'Close' the position and the options for partial closing will come up.

tnx... works like a charm..   The next level of question is, can i set this to automatically trigger?  Just like i set a Limit, that will be triggered when it is hit.  I want my £10 lot gets partially spread when it hits a trigger level 1, then another set when it hits trigger 2 and so on

[Caseynotes]

9 hours ago, WokMan said:

tnx... works like a charm..   The next level of question is, can i set this to automatically trigger?  Just like i set a Limit, that will be triggered when it is hit.  I want my £10 lot gets partially spread when it hits a trigger level 1, then another set when it hits trigger 2 and so on

An order to close or partially close is just a buy/sell for an amount in the opposite direction so if you were 5 lots long you could place 5 sell orders of 1 lot each spaced out above the current price, so long as you have selected 'Net off' (net off the total position) on the order ticket the result would be to partially close your overall position by 1 lot each time a sell order is triggered.

[dmedin]

Woah, something as convoluted as that you might as well get your tuppenceworth and phone the broker and get them to do it for you.

[Caseynotes]

32 minutes ago, dmedin said:

Woah, something as convoluted as that you might as well get your tuppenceworth and phone the broker and get them to do it for you.

actually quite easy and even easier if the platform has a price ladder.

[MisterP46]

On 29/05/2020 at 14:08, Caseynotes said:

hi, yes, first make sure 1-click dealing is switched off and 'net off' is switched on, then click on 'Close' the position and the options for partial closing will come up.

Would you mind telling me where I'd check if 1-click dealing is on or off please?

[Caseynotes]

10 hours ago, MisterP46 said:

Would you mind telling me where I'd check if 1-click dealing is on or off please?

here;