Joined Oct 2006
|
Status: Friendly Neighborhood Programmer
|533 Posts
If you open multiple orders, you can set different take profit or trailing stop levels. I bet you already figured that out though...
When closing an order, you can partially close it. Adjust lotsize and you can close 1/2, 1/3, etc. That should let you do what you're looking for.
Note: I couldn't tell if you were asking about manually adjusting orders or programmatically adjusting them, thus the generic answer. If I didn't answer your question, please post again and I'll get as specific as needed.
If you open multiple orders, you can set different take profit or trailing stop levels. I bet you already figured that out though...
When closing an order, you can partially close it. Adjust lotsize and you can close 1/2, 1/3, etc. That should let you do what you're looking for.
Note: I couldn't tell if you were asking about manually adjusting orders or programmatically adjusting them, thus the generic answer. If I didn't answer your question, please post again and I'll get as specific as needed.
Ignored
Thanks Tesla. I think your answer makes it clear that one cannot programmatically set one order to a percentage partial closing (for that 3:00 AM closing). I knew the answer, but was hoping that maybe just maybe there's something that I had missed and someone smarter would relieve me of my ignorance. I guess you can't have it all... I appreciate your time and effort though...
Thanks Tesla. I think your answer makes it clear that one cannot programmatically set one order to a percentage partial closing (for that 3:00 AM closing). I knew the answer, but was hoping that maybe just maybe there's something that I had missed and someone smarter would relieve me of my ignorance. I guess you can't have it all... I appreciate your time and effort though...
Ignored
Ah... but you can.
Let's say you've got a position, ticket #1234, which is long 4 lots.
if (Bid >= FirstTakeProfit)
OrderClose(1234,2,Bid,1);
if (Bid >= SecondTakeProfit)
OrderClose(1234,1,Bid,1);
if (Bid >= ThirdTakeProfit)
OrderClose(1234,1,Bid,1);
This obviously isn't production quality code, but I present it as an example. What does it accomplish? It closes your position incrementally. 50% at TakeProfit1, 25% at TakeProfit2, 25% at TakeProfit3.
You could easily set it up to leave a percentage riding with a trailing stop as well. As long as the order is large enough to be 'sliced up' when taking the broker's minimum lotstep into account, you're all set.
if (Bid >= FirstTakeProfit)
OrderClose(1234,2,Bid,1);
if (Bid >= SecondTakeProfit)
OrderClose(1234,1,Bid,1);
if (Bid >= ThirdTakeProfit)
OrderClose(1234,1,Bid,1);
This obviously isn't production quality code, but I present it as an example. What does it accomplish? It closes your position incrementally. 50% at TakeProfit1, 25% at TakeProfit2, 25% at TakeProfit3.
Ignored
Ok, I'm not a programmer, and I think you're saying I should create my own settings using MQL4. I was hoping for a quick fix, but I guess I will just have to start the learning process. This will be my personal project for the year... just something else to add to the already steep learning curve. Thanks for the help, I will work through those tutorials and see if I can figure it out.
I know it doesn't do exactly what you want, but, you should take a look at the ManageTakeProfit thread in this forum. I created an ea that takes a certain number of lots out at various increments. It might get you part of the way of where you want to go with it.
Ok, I'm not a programmer, and I think you're saying I should create my own settings using MQL4. I was hoping for a quick fix, but I guess I will just have to start the learning process. This will be my personal project for the year... just something else to add to the already steep learning curve. Thanks for the help, I will work through those tutorials and see if I can figure it out.
I know it doesn't do exactly what you want, but, you should take a look at the ManageTakeProfit thread in this forum. I created an ea that takes a certain number of lots out at various increments. It might get you part of the way of where you want to go with it.
Best,
stockwet
Ignored
Thanks Stockwet, I will go through your thread, and by the looks of it seems exactly like what I've been looking for. I appreciate the help (a lot!)
