Reduce TakeProfit after XXX minutes after first deal open
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.
I not really like such parameter... Trading must not be based on my (your, their) profit.
Maybe, will be better to make something like "Reduce TakeProfit after XXX minutes after first deal open" or "Reduce TakeProfit during not trading time" (and set correct session in EveryDay work time)?
Interesting. I like "Reduce TakeProfit after XXX minutes after first deal open". We should test if reducing tp is statistically winner long term against expected risk reward.