How to Scale Out when youre in Profits using Multiple Stop Losses with different Position Sizes?
How to Scale Out when youre in Profits using Multiple Stop Losses with different Position Sizes?
06 Apr 2024, 23:57
Hey, hope you all are having a great day!
Please help me with this one: I need to know how to Scale Out of a position when youre in Profits using Multiple Stop Losses (moved to profits) with different Position Sizes each one?
I mean when I have a trade in profis, I want to move my Stop Loss into profits but without using the entire size of the position, and do the same with Multiple Stop Losses in order to, for example, if Im in profits moving one stop loss into profits with 50% of the position size and create another one with the remaining 50% of the position but in another price level in order that, if Im in a Long and price make a bearish retracement, I would be able to have at least two take profits orders UNDER the price.
Please let me know how to do it
Thank you for your help and time!
Kind regards,
VZ
PanagiotisCharalampous
07 Apr 2024, 06:20
Hi there,
You would need to develop a cBot to achieve such a functionality.
Best regards,
Panagiotis
@PanagiotisCharalampous