Sometimes during the trading session, after the closure of main market stocks (i.e. London), in low liquidity conditions or simply at the end of the week, it would be useful to close all positions if basket has reached a minimum fixed or % profit. Usefult also to avoid negative swap and turbolence on market reopening after the week-end.
Iam seriously not understanding this time concept for trading! The SL or target may be hit in a second during news time or volatility period such as flash news. Or may take days.
Not sure why trailing or SL should be linked to time.
In fact technicals help only in direction of movement, targets but not the time it is taken to reach there!
you can use TS only if the price has hit the Start Trailing after. this feature request is to help if the trade is still negative (not yet hit start trailing after) and not yet hit SL. reduce SL after xxx minus will help the trade close earlier and in smaller loss.
will you consider to do the same for stop loss? "Reduce StopLoss after XXX minutes" This will help in scalping or breakout strategies if its not already hit TP then its most likely going in the wrong direction if the trade goes on for too long.
You can use TS for this, can't you?
So, let's rename this topic to "Reduce TakeProfit after XXX minutes after first deal open"?
Are you agree?
you can use TS only if the price has hit the Start Trailing after. this feature request is to help if the trade is still negative (not yet hit start trailing after) and not yet hit SL. reduce SL after xxx minus will help the trade close earlier and in smaller loss.
You are right, you can't use trailing in loss.
I guess you will love this idea -- https://communitypowerea.userecho.com/communities/1/topics/423-decrease-stop-loss-depending-on-trade-duration
So, vote and let's implement it.