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Multiple stop loss/take profit for a single position? |
booseeyang
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Post subject: Multiple stop loss/take profit for a single position? |
Post rating: 0
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Posted: Fri 19 Oct, 2012, 07:59
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User rating: 0
Joined: Fri 19 Oct, 2012, 07:51 Posts: 2
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Hi, is it possible to place multiple stop loss or take profit for one position?
For example, I take a short position for 50k and have 2 profit targets. I would like to set the order to take 70% of my profit at the first target and 30% of my profit at the second target.
Ive been trying to do this, but to no avail. Right now, I set the take profit at the 2nd level and have to manually take the first profit, which is not ideal. An alternative solution to this would be to take 2 positions at the beginning, but since i trade on the 10 sec chart, usually the window of opportunity for entry is within a split second, so I would not have time to adjust the entry parameters (ie. changing the position size from 70 to 30) to enter the position twice.
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booseeyang
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Post subject: Re: Multiple stop loss/take profit for a single position? |
Post rating: 0
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Posted: Tue 23 Oct, 2012, 13:56
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User rating: 0
Joined: Fri 19 Oct, 2012, 07:51 Posts: 2
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Dear Support,
would appreciate your comments on my query.
Thank you.
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