Jump to content

Multiple take profits

Recommended Posts

Hi Eddy, you can use Net Off orders to close partially a position.

For example

  • Buy 10£ per point of US500 @ 3000
  • Create a sell order for 5£ per point @ 3050 (Net off)
  • Create sell order for 5£ per point @ 3060 (Net off)

This will close 50% at 3050 and the rest at 3060. However, you have to monitor the position when you have these orders setup. If your stops are hit, since these are not OCO orders, you will have to manually close them. The risk is of having two sell orders with no stop live in the market.

Or you can open two market orders with same stop loss but different take profit.

Good luck

Link to comment

Ah cool thanks Alex.

The multiple market orders did strike my mind when I was playing around but I asked myself why it couldn't be managed within one order. MT4 has this functionality I think.

I don't mind managing it with alerts so I'll give the Net off way a go. See if it's what I'm looking for.

Thanks again


Edited by EddyC
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...