My Broker doesn't support OrderCloseBy()
Can anyone think of a better way to handle this with MT4?
Yes, you want totals of 3 lots, 4 lots then 2 lots all LONG (assumed).
Buy 3 lots = 3
Buy another lot = 4
close 2 = 2.
Job done. Why go short when you can just close part of an existing long.
Thanks Dabbler,
I'm not sure I can close part of an open live position though? If you have a position open in MT4, can you close part of it?
Thanks Dabbler,
I'm not sure I can close part of an open live position though? If you have a position open in MT4, can you close part of it?
Raptor,
You are awesome. Yours is one of those simple answers that has saved the day for me. I was trying to come up with a complicated solution for something so simple.
Interestingly it changes the order number when I close part of a trade. This is ok, but worth me knowing.
Stewart
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My Broker doesn't support OrderCloseBy() and my current strategy adjusts its position size each bar. For example at 10am it may be +3 lots, at 11am it may be +4 lots and at 12noon it may be +2 lots.
My problem is how to implement this as cleanly and cost effectively as possible.
Based on the example above I would need to go long 3 at 10am then at 11am go long 1 then at 12noon I would have to close the 1 and go short 1. This leaves me with long 3 and short 1 as two trades with a net a net +2 position. This is costly in terms of paying double on spread and looks untidy.
Can anyone think of a better way to handle this with MT4?