Dukascopy
 
 
Wiki JStore Search Login

Partial Take Profit
 Post subject: Partial Take Profit Post rating: 0   New post Posted: Mon 04 Feb, 2013, 17:12 

User rating: 1
Joined: Fri 18 Jan, 2013, 11:22
Posts: 21
Please add the ability to enter a predetermind partial take profit (or conditional close) at a certain level not just at market. When you set a Take Profit the size to close is always 100% and is greyed out so that it is unchangeable - if this was changeable then it would be great. The ability to split a position (so the opposite of merge) would sort this out as you could add different stop loss levels and take profit levels to each split.


 
 Post subject: Re: Partial Take Profit Post rating: 0   New post Posted: Thu 04 Apr, 2013, 09:43 

User rating: 1
Joined: Fri 18 Jan, 2013, 11:22
Posts: 21
A response from Dukascopy would be nice


 
 Post subject: Re: Partial Take Profit Post rating: 0   New post Posted: Fri 05 Apr, 2013, 01:20 
User avatar

User rating: 98
Joined: Mon 23 Jul, 2012, 02:02
Posts: 656
Location: United States, Durham, NC
The JForex API exists to provide the functions you're looking for. An interactive strategy can achieve partial closes of a given position to any level of resolution (1 micro lot or greater per close increment).

I do it frequently from my own strategies.

As for asking for position splitting, it's best if you open positions individually and at different prices, so you don't have the need to split them later. Position merging is also something I do all the time, and you won't find that functionality at many brokerages other than Dukascopy, I'm pretty sure.

But partial closing achieves at least part of the goals which your proposed splitting appears aimed at providing anyway. I actually use this fine grained control, but do you really have a plan to use such functionality, even if it were ready made for you?

Highly customized Order Entry operations is why the programmable Strategy API mechanisms exist, but you're not likely to get highly specialized functions like that in the generic JForex platform.

Pay a competent programmer to give you the Strategy control you need. Then you'll get exactly what you want, but I'll bet you don't want to pay for it ?

My motto: Free software is worth every penny you paid for it ! :)

HyperScalper


 
 Post subject: Re: Partial Take Profit Post rating: 0   New post Posted: Wed 10 Apr, 2013, 16:03 

User rating: 1
Joined: Fri 18 Jan, 2013, 11:22
Posts: 21
Hi hyperscalper

Thanks for your thoughts.

Yes it can be done by running strategies - but as you said that would cost me money - and as regard to "Free software is worth every penny you paid for it !" - I agree - but I AM paying for it with commission to Dukascopy with every trade I take.

I see a strategy as a workaround rather than a platform feature that I am requesting - i'd rather not be running strategies.

Another workaround is talking multiple positions initially - that doubles/trebles up the ordering process at a time when speed for me is essential - I have barely enough time to set levels on one order - sometimes minutes, sometimes a fraction of a second - so I may enter late - multiple orders is not suited to my style.

So that leads me back to the partial closing option on Dukascopy - its only available at market - why not simply add a predetermined level rather than at market - surely thats a SIMPLE feature request?

Thanks again!

John


 
 Post subject: Re: Partial Take Profit Post rating: 0   New post Posted: Tue 16 Apr, 2013, 20:49 
User avatar

User rating: 98
Joined: Mon 23 Jul, 2012, 02:02
Posts: 656
Location: United States, Durham, NC
John,

Well, I can sympathize. But strategy modules to achieve your specific custom goals can easily be created.

Both in the case of multiple fast entry control, as well as closure control.

If you want JForex to do that for you, you may have to wait months.

There isn't any performance downside to running properly designed strategies, and they can fairly easily be made interactive.

If your request affects server-side functionality which would execute without JForex or a Strategy module running, then you'll wait forever for such a request, no doubt.

Let's say you make several thousand over a year as a result of having your special functions, and you pay some programmer a thousand to give you exactly what you want. Not a bad deal, right?

For example, I can place multiple staggered orders with a single click, instantly. It's what I want/need but might not be generic enough for others to benefit from.....

HyperScalper


 

Jump to:  

  © 1998-2025 Dukascopy® Bank SA
On-line Currency forex trading with Swiss Forex Broker - ECN Forex Brokerage,
Managed Forex Accounts, introducing forex brokers, Currency Forex Data Feed and News
Currency Forex Trading Platform provided on-line by Dukascopy.com