Systematically controlling take profit
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As the price hits various defined targets I would like to close out x number of lots but only want this to occur one time at each level.
i.e. Open buy position Price rises 30 pips above open -- Close one lot price then continues up to 60 PIPS above open -- Close one lot Then trade with a trailing stop until stopped out -- Close remaining lots My problem is that I only want each of these to occur "ONE" time. Meaning, if the price rises 30 above open and we sell off 1 lot I don't want it to sell another lot if it goes below 30 and then back up above 30 again. Can someone assist / offer a suggestion on how I can control this? Thanks, Bob |
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