Part of profit
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I'm not sure, but I think I've seen it here before, but couldn't find it now.
Is there a simple way to take a part of a trade if it have reached a profit level that I set.
Eg. If I trade and I reach $50 profit, then I would like to take $40 profit and continue the trade. Like a trailing stop that will leave a certain part of the trade untouched. -
Or should I take the profit and then open a new trade after that block?
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Patially close. "For each Trade -> pips away from open-price -> once per trade/order -> close (partially)". "Not more that n trades" in "For each Trade" is an option to only work with the last trade.
Paritally closing a trade in MT4 creates a new trade actually, but it shares some information with it's parent trade. I don't remember what information, open time, price or something like this
I mean that it's a new trade with new ticket number, but somehow indirectly linked with the parent. -
__Or should I take the profit and then open a new trade after that block?[/quote:2bm0909v]
I'm not sure what is the difference in terms of spread and commissions. Maybe in this way you will generate more losses, but I'm absolutely not sure about this. Maybe both ways are equal.
