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Date/Time: Thu, 28 Nov 2024 12:49:37 +0000



Post From: How do I auto-update a take profit level to remain at a fixed amount from average e price?

[2023-05-05 17:34:53]
Ifrit - Posts: 51
Imagine the following scenario:

I'm long 1 contract
Take profit is set at 10 points
Market retraces and hits a buy limit order, increasing the position size to 2 contracts net
New average entry price is updated (lower than the first)

I want to have my take profit remain at 10 points from my average entry point, instead of remaining where it was initially set.

Example:
Buy 1 contract @ 13000: Take profit 13010
Buy 1 contract @ 12990: Average entry price = 12995. Take profit should auto-update to 13005.

Currently Take profit is still at 13010.

I can't find anything in the forums.
Date Time Of Last Edit: 2023-05-05 17:37:43