Buy 10 lots EURUSD at 1.5000 for example.
- To get your first target profit you put a sell limit at 1.5030 for 0.5 lots for example
- For your second target profit you put a sell limit at 1.5060 for 0.4 lots
- And the final 0.1 lot a sell limit at 1.5100 let's say
This indeed makes sense but when i create those sell limit orders and price touches them, MT4 opens a new order altogether without closing the predefined number of lots that i want.
What this means is that i am stuck with my initial buy at 1.5000 of 10 lots and the rest of my sell limit orders::: new order of 0.5 at 1.5030, new order at 0.4 at 1.5060 and 0.1 at 1.5100. Instead of selling the lots back i get a fresh basket of positions which is very disturbing as my equity management at the moment permits me to open 0.2 lots for my orders and it's impossible for me to close the final 0.1 lots unless i am not glued to the lcd monitor and manually close the position.
Anybody know how this can be tackled?
Cheers