How to take partial profits -- OP_SELLLIMIT?

MisterDog 2014.03.18 05:03

I'm not sure how to take part of my profits at a price before Take Profit line of an order. I place an order with code that looks something like this...

         OrderSend(Symbol(),OP_BUY,0.10,Ask,3,stopLoss,takeProfit,"",Magic,0,clrGreen);

And then when the price reaches 10 pips I would like to take partial profits. Do I create a new limit order? Do I use the OrderSend with the OP_SELLLIMIT? Something like this...

  OrderSend(Symbol(),OP_SELLLIMIT,0.05,Ask+0.0010,3,0,0,"",Magic,clrGreen);

Thanks,

Keith Watford 2014.03.18 06:32 #1

First you have to select the order, then check that Bid is at the price to take partial profit

OrderClose(OrderTicket(),0.05,Bid,30,clrGreen)

That would close 0.05 lots and the broker will open a new ticket with the remaining lots

That is, of course assuming that the minimum lot size is not 0.10

My Instatrader MT4 In Quick question on partial Handling partial closes of

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