Trailing Take Profit ???

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jonathan75
39
jonathan75  

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
18697
William Roeder  
If you placed a TP and it is hit, the order is closed, done.
Maria Erica Costagliola
453
Maria Erica Costagliola  
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
Tan Phan Ngoc
1311
Tan Phan Ngoc  
Trailing stop loss make you difficult to test your strategy. It is true.
lippmaje
689
lippmaje  
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
1311
Tan Phan Ngoc  
Can not test accurately even it is Trailing stop loss or trailing TP
jonathan75
39
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. 

Brian Lillard
6093
Brian Lillard  
trail take profit if the broker has jumped the target price?
Cassiano Jardim
523
Cassiano Jardim  
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.
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