Tradestation Profit Target

[altovolume80 10]

Hi all!

 

My question is about profit target. I'd like to take profit only on half of my position. Is it possible to do in easylanguage?

 

For example I open a long position with 2 contracts and then I want to take profit only on 1 contract.

 

Thank you in advance!

[Tams 20]

Hi all!

 

My question is about profit target. I'd like to take profit only on half of my position. Is it possible to do in easylanguage?

 

For example I open a long position with 2 contracts and then I want to take profit only on 1 contract.

 

Thank you in advance!

 

sure, why not... Just tell TradeStation to sell as many (or as little) as you want.

[altovolume80 10]

Can you please post the easylanguage code? Thank you

[Prathapjay 10]

Hi altovolume80,

 

Here is the code,

 

If marketposition = 0 then Buy 2 contracts next bar at " your entry " stop or limit;

 

If marketposition = 1 then begin

Sell 1 contract next bar at " your target" limit;

Sell 1 contract next bar at " your stop or trailing stop" stop;

End;

 

Cheers,

Prathap