Take profit on half position

DarkPoolTrading · May 13th, 2012, 02:31 AM

Hi All,

Im trying to figure out how to code taking profit on half my position but am not having much luck.

Essentially what I want is to have an initial hard stop on my whole position. Then when my profit target is reached, take profit on 50% of my position. Then implement a trailing stop on the remainding half of my position.

Also, what if my strategy is running on bar close. How would I go about changing my stops as per above if I dont want to wait till the close of the bar. ie: My entries work on bar close, but I need my stops to be managed 'live'. Is that possible?

Could someone please offer some advice or point me in the right direction.
Thanks.

May 13th, 2012, 02:55 AM

I would check the LOM, it is probably the easiest way to do this:

NJAMC Local Order Manager (LOM) Collaboration

Please review the LOM WIKI before posting questions to this thread. (

Hi All,

This thread is going to appeal more to Strategy Writers and Programmers. I have been an Elite member for quite some time now and have learned a lot about indicators and strategies …

Mike

DarkPoolTrading · May 13th, 2012, 04:23 AM

Thanks Mike, ill check it out.

Take profit on half position

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Take profit on half position