Support Board
Date/Time: Wed, 12 Mar 2025 06:36:01 +0000
Post From: flat to flat open position average price calculation
| [2022-04-26 18:01:46] |
| JBTFD - Posts: 35 |
|
That is why I brought up the whole scaling-in and scaling-out thing and why that's relevant; b/c sometimes, traders, after having locked in some profits after partially scaling-out, prefer to know at which price they will break-even for ONLY their remaining open trades so that their total Net PnL will never go below the profits that they locked-in from the previous partial scaling-out.
Just curious, is there a way to determine this in SC? As the OP mentioned, it would be quite useful for traders who scale in/out to have a function that determines our new average entry cost based on remaining lots left in the trade. This would help in that if I want to hit flat on 4 remaining lots, if price is above this "average of remaining open lots" then I'll be in the money, if I hit flat below then I'll be at a loss. |