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Question about taking Partial profits

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mge0rge
63
mge0rge  

How can I set multiple profit taking targets in mt4 ?

Say i buy and it goes my way . I want at a certain level to take out 50% of the trade but let 50% running until it hits my next target ,and there i  want to have another 25% take out and let the remaining 25% running until it hits my final target.

Is there a way that mt4 can do this as standard ? Or does it need a custom sort of indicator or script ?

I am aware that I can do this manually.

whroeder1
16304
whroeder1  
  1. Indicators can not trade.
  2. If you open one order, a script or EA can do the partial closes.
  3. If you open multiple orders, each can have a different TP and lot size. Not an option for US traders due to FIFO rules (at least on my broker.)
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