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Take profit on half position


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Take profit on half position

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  #1 (permalink)
PTA, Gauteng
 
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DarkPoolTrading's Avatar
 
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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.

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



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  #4 (permalink)
PTA, Gauteng
 
Experience: Advanced
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DarkPoolTrading's Avatar
 
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Thanks Mike, ill check it out.

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Last Updated on May 13, 2012


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