Create a "SL" and "TP" feature that would apply to all open trades

Created at 01 Dec 2015, 06:08
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thefishcounter

Joined 28.11.2015

Create a "SL" and "TP" feature that would apply to all open trades
01 Dec 2015, 06:08


It is very common for traders to reach a relatively nice percent gain (ie. 3%) in short order but this gain does not hold for very long. By having a feature to close all trades immediately once a % target is reached a trader can lock in gains. Often we do not have the discipline to close those trades as greed sets in to gain even more and in doing so the markets reverse quickly, leaving us with break-even or worse, a loss!!!

Create a feature that would allow the user to set a TP and SL relative to the account balance. All open trades get closed once either the TP or SL is reached.

% (percent) of balance - set "x" % gain (TP) or loss (SL) based on the balance. All trades closed once either TP or SL is reached.

$ (base currency value) - set "x" account dollar value gain or loss relative to the account balance. All trades closed once either TP or SL is reached.


@thefishcounter