Closing position size's in both direction ! ! !
Closing position size's in both direction ! ! !
13 May 2020, 13:17
It will be a good thing if we have move options on the advance take profit and advance stop loss,
A good future that can be added on the Stop loss side will be the right to close a X amount % from the position size when the price starts to retrace when you are in profit, in these way if the price makes a small correction and you are not sure what exactly is happening you can protect your profits by closing an amount of your position ( even when the price is not going in your favor)
The other way how it can also be useful is when you are entering a trade and instead of using a normal SL you can choose 3 different SL from 1 position in these way your going to take advantage of more pips SL opening bigger lot sizes
It will work the same way as the advance take profit, it just need to close in both directions