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There is likely already an indicator for this, but I haven't come across it just yet. Thank in advance :)
I don't know which's that indicator, but you need some other condition to make PositionClosePartial (usually breakeven, but it also could be a money/percent target).
I don't know which's that indicator, but you need some other condition to make PositionClosePartial (usually breakeven, but it also could be a money/percent target).
I would know my price target, but I don't know how to set up a trade to close partials automatically at that first target price...that is what I am looking for specifically
I would know my price target, but I don't know how to set up a trade to close partials automatically at that first target price...that is what I am looking for specifically
An indicator can't trade.
You can't do that through the MT5 GUI only, you would need to code it. An intermediary solution do it hand "by hand" is the open several trades at the same time, with different TPs (and adjusted lotsize).
An indicator can't trade.
You can't do that through the MT5 GUI only, you would need to code it. An intermediary solution do it hand "by hand" is the open several trades at the same time, with different TPs (and adjusted lotsize).
I had though about opening multiple trades and splitting the lot size as you mentioned...but unfortunately with the strategy price moves so quick out of the zone at times that I dont have that luxury.
There is likely already an indicator for this, but I haven't come across it just yet. Thank in advance :)
For mt5, place the the reverse trade, and the lot size to be closed at the price you want to close partial. Meaning if you open 0.8(sell at 1800) lot size in Gold, and want to close partial(0.4 lot) at 1745(place a limit buy trade of 0.4 at 1745).
For mt5, place the the reverse trade, and the lot size to be closed at the price you want to close partial. Meaning if you open 0.8(sell at 1800) lot size in Gold, and want to close partial(0.4 lot) at 1745(place a limit buy trade of 0.4 at 1745).
This is only valid if it concerns a Netting account.
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