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.
So, let's rename this topic to "Reduce TakeProfit after XXX minutes after first deal open"?
Are you agree?
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?
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.
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)?