Scaling-Out in Mql5
Why "in MQL5"? I guess it doesn't depend on the programming language, but on the money management techniques that one uses.
I mean which method programatically using MtrTradeRequest or Trade.PositionClose. I currently use MtrTradeRequest which is not giving expected results as it moves all the tp to highest tp of 1.2667.
What's the best way to scale-out of position in Mql5? I prefer entering through 1 order and then scale-out through multiple targets
For eg.
Entry, Buy_Stop 2 lots at 1.2627
SL: 1.2584
TP1: 1.2647 - Exit 1st lot
TP2: 1.2667 - Exit 2nd lot
I also tried scaling-in by entering two orders with entry 1.2627 and different tp but it seems like that it moves all the tp to 1.2890. Here's the log:
2010.08.27 14:12:26 Core 1 2010.08.24 17:04:40 order performed sell 0.20 at 1.2667 [#79 sell 0.20 EURUSD at 1.2667]2010.08.27 14:12:26 Core 1 2010.08.24 17:04:40 deal performed [#55 sell 0.20 EURUSD at 1.2667]
2010.08.27 14:12:26 Core 1 2010.08.24 17:04:40 deal #55 sell 0.20 EURUSD at 1.2667 done (based on order #79)
2010.08.27 14:12:26 Core 1 2010.08.24 17:04:40 take profit triggered buy 0.20 EURUSD 1.2627 sl: 1.2584 tp: 1.2667 [#79 sell 0.20 EURUSD at 1.2667]
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 order canceled [#78 sell stop 0.10 EURUSD at 1.2584]
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 order canceled [#76 sell stop 0.10 EURUSD at 1.2584]
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 order performed buy 0.10 at 1.2627 [#77 buy stop 0.10 EURUSD at 1.2627]
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 deal performed [#54 buy 0.10 EURUSD at 1.2627]
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 deal #54 buy 0.10 EURUSD at 1.2627 done (based on order #77)
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 order [#77 buy stop 0.10 EURUSD at 1.2627] triggered
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 order performed buy 0.10 at 1.2627 [#75 buy stop 0.10 EURUSD at 1.2627]
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 deal performed [#53 buy 0.10 EURUSD at 1.2627]
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 deal #53 buy 0.10 EURUSD at 1.2627 done (based on order #75)
2010.08.27 14:12:26 Core 1 2010.08.24 16:36:20 order [#75 buy stop 0.10 EURUSD at 1.2627] triggered
2010.08.27 14:12:26 Core 1 2010.08.24 16:00:00 sell stop 0.10 EURUSD at 1.2584 sl: 1.2627 tp: 1.2544 (1.2606 / 1.2608 / 1.2606)
2010.08.27 14:12:26 Core 1 2010.08.24 16:00:00 buy stop 0.10 EURUSD at 1.2627 sl: 1.2584 tp: 1.2667 (1.2606 / 1.2608 / 1.2606)
2010.08.27 14:12:26 Core 1 2010.08.24 16:00:00 sell stop 0.10 EURUSD at 1.2584 sl: 1.2627 tp: 1.2564 (1.2606 / 1.2608 / 1.2606)
2010.08.27 14:12:26 Core 1 2010.08.24 16:00:00 buy stop 0.10 EURUSD at 1.2627 sl: 1.2584 tp: 1.2647 (1.2606 / 1.2608 / 1.2606)