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Scaling-Out in Mql5

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morphtrade
8
morphtrade 2010.08.27 17:15 

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)
Documentation on MQL5: Standard Constants, Enumerations and Structures / Trade Constants / Deal Properties
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Standard Constants, Enumerations and Structures / Trade Constants / Deal Properties - Documentation on MQL5
Pawel Wojnarowski
685
Pawel Wojnarowski 2010.08.27 17:40  
Why "in MQL5"? I guess it doesn't depend on the programming language, but on the money management techniques that one uses.
morphtrade
8
morphtrade 2010.08.27 17:58  
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.

Rashid Umarov
Admin
11820
Rashid Umarov 2010.09.12 08:21  
You should use method OrderOpen of class CTrade for placing pending orders instead of using multiple Take Profits. Don't forget to remove these ones if position closes.

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