Close a trade on profit and swap

 

Good day,

I was thinking about a way to close those trades that open at a point that seems to high to close with a profit. Well, I was thinking, most trading firms will give you swap for having your trades open. I figure that in the end, swap is just profit you haven't made yet.


My question is this, is there a way to tell a trade to close if it hits a profit limit, more so then a pip limit? that way for example if I had a trade worth 2 pips of swap and 3 pips, and I wanted to take 5 I wouldn't have to wait till it got up to 5 pips, then gave me 7 pips. I know you can't set a take profit lower then the starting price, but with enough swap, you could close your trade at lower then you opened and still make a profit.


Thanks,