Greetings IG traders!
The main teacher I've learned my trade management strategy from (NNFX) suggests the following: take two "half" trades based on your desired risk, both with the same stop loss, one with the first take profit the value of the ATR away from price, the other trade with no set take profit. When the first TP is hit, you move your SL to break even and let your trade run until your system tells you the trend is finished.
I have tried to set up this management system in MT4 but both trades are automatically given the same TP, so letting the other trade run doesn't really seem like an option...
I have learned you can close out half of your lots to take profit, but my issue with this is that you have to physically be on the charts to do this.
Does anyone know a method that US traders can use on IG's MT4 platform where you can effectively set two trades on a pair where one closes automatically at a set TP and the other can run? Or if this isn't an option are there alternative methods that can achieve the same result?
Thanks and happy trading!
