DislikedHey fxl.....This is a good suggestion, but I would be unsure of which 50% to close. Do you just close the ones in profit? Do you just close the ones in a loss. Because there are 14 pairs that I am trading, this would be very confusing.
I think it is an all or nothing deal in this caseIgnored
I would lock in the 5% profit using the criteria:
1) Close the most profitable trades by pair leaving approx. the same number of open trades for each pair. (like triming a tree) This can be easily determined by sorting the open trades by pair and "pruning" the trades until you reach your goal.
2) Adjust the S/L for the remaining trades using the previously closed bar.
Although this might be a little subjective, being exact is not as important as offsetting a drawdown.
Before I forget - Tks! for such a superior trading system. I "pruned" $866 this afternoon on two pairs.