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Old 03-11-2009, 21:25
MusicMan MusicMan is offline
Level 1 Lasers Member
Join Date: Oct 2009
Posts: 10

>>close half position

You don't, at least in MT4.

You could open 2 orders at a smaller size instead. That would let you take profits off the table while still playing the 2nd order for max pips.

Or, you could just modify the single order to set your stop loss at the place where you want to lock in those profits. If you keep adjusting the SL up behind the order, you can lock in more and more profits without having to pay the spread twice.

I go either way -- I'll place multiple orders, but I'll still follow up the winners with an SL, or even modify the TP to stay ahead of the price if there is momentum.

Your mileage may vary...

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