Take profit and additional entry at the same price

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Michael Spelts
111
Michael Spelts  
I'm sure this is a ridiculous question, but if I set a take profit for a trade and want to take an additional entry with the trend, can I set an entry order to trigger at the same price as the take profit of the original trade?
Mohamad Zulhairi Baba
17031
Mohamad Zulhairi Baba  
Michael Spelts:
I'm sure this is a ridiculous question, but if I set a take profit for a trade and want to take an additional entry with the trend, can I set an entry order to trigger at the same price as the take profit of the original trade?

yes.
and assuming you are talking about pending stop order(?), BuyStop trigger at Ask, and enter at Bid price. SellStop trigger at Bid, and enter at Ask price.
so you need to consider spread in your entry.

Keith Watford
Moderator
14557
Keith Watford  
Michael Spelts:
I'm sure this is a ridiculous question, but if I set a take profit for a trade and want to take an additional entry with the trend, can I set an entry order to trigger at the same price as the take profit of the original trade?

What would be the point? Just leave the first trade open and avoid paying the additional spread.

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