Trailing Take Profit ???

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jonathan75 2019.05.05 21:05

Hi everyone,

I would like to know if is that possible to program a trailing take profit.

Let me explain my logic :

The initial TP is 10 pips, if the price passed this level : the Order has to be modify with a TP at 15 pips.

Thanks in advance for your help.

William Roeder 2019.05.06 01:06 #1

If you placed a TP and it is hit, the order is closed, done.

Maria Erica Costagliola 2019.05.07 08:22 #2

Hi I understand what you want to do but the logic is wrong ; as william roeder said when you hit the tp the order is closed but what you can do is use a simple trailing stop or a break even point to make sure you can get as much pips you can

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Tan Phan Ngoc 2019.05.07 08:34 #3

Trailing stop loss make you difficult to test your strategy. It is true.

lippmaje 2019.05.07 08:43 #4

OP was mentioning trailing TP not trailing SL. How trailing TP works: https://www.google.de/search?q=How+Trailing+Take+Profit+works

Tan Phan Ngoc 2019.05.07 09:41 #5

Can not test accurately even it is Trailing stop loss or trailing TP

jonathan75 2019.05.07 14:59 #6

Thanks for your answers guys.

I think I will code a Trailing Stop loss or maybe find a way to close 50% of my position and let the other half go on.

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Brian Lillard 2019.05.10 16:30 #7

trail take profit if the broker has jumped the target price?

[Deleted] 2019.05.13 06:33 #8

jonathan75:

Thanks for your answers guys.

I think I will code a Trailing Stop loss or maybe find a way to close 50% of my position and let the other half go on.

Trailing stops will put you out of the best deals. Not taking the right decision to exit means, give the money back to the market, back where it belongs! Dust in the winds! Thought.

GregoryRichardsNewbie 2021.10.17 19:57 #9

Hi Jonathan - did you ever figure out an answer to this please? I'm in exactly the same position. i have an algo which makes tiny profit but can potentially make much more