Button to take immediate partial close

Created at 23 Apr 2016, 17:22
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ST

Stokes Bay

Joined 18.04.2016

Button to take immediate partial close
23 Apr 2016, 17:22


Please vote for my feature suggestion at the following link as described below:

http://vote.spotware.com/forums/229166-ideas-and-suggestions-for-ctrader-and-calgo/suggestions/13544286-button-to-take-immediate-partial-close

ctrader does allow a TP to be set prior to entry. Taking profits at multi-levels is not possible but has been requested elsewhere in this Ideas feature.

My request is that a button be available to immediately part-close a position. I want to open an order with multi-profit levels but as price action develops i am likely to change my exit targets.

To do this now i would need to create TP levels post the entry and then drag the lines on the chart to change. Price moves quickly and once i see a change in price action, dragging a line is too late to take advantage of the move. I am a short term trader!

Having a button next to the close position button which i could set to either a number or % of my current position would allow me to react immediately to a change in price.

I only need one button as each press would close say 25% of the position.

With netting accounts you could just open a new contra-order (hitting buy/sell buttons) to do the above but with hedging accounts you would incur extra commission to do this since you cannot cancel new (short) hedge positions against existing (long) positions.


@Stokes Bay
Replies

Spotware
26 Apr 2016, 16:14

Dear Trader,

Thank you for your suggestion. We will consider it. Additionally, you can post your ideas/suggestions to http://vote.spotware.com/


@Spotware