Partial Profits
Sep 22, 2010 at 17:11
Vistas 964
3 Replies
Sep 22, 2010 at 17:11
Hi,
I take partial profits on some of my trades with my Oanda trading account. Fxbook counts these as 2 seperate trades, affecting my win/loss ratio.
For example
Buy 20,000 EURUSD at 1.20
Sell 10,000 EURUSD at 1.2010 for a gain of +10 pips.
So I'm still long 10,000 EURUSD.
Then to finish the trade
Sell 10,000 EURUSD at 1.2020 for a gain of +20 pips.
FXbook records this at 2 separate trades, is there any way to combine these?
Thanks,
Scott
I take partial profits on some of my trades with my Oanda trading account. Fxbook counts these as 2 seperate trades, affecting my win/loss ratio.
For example
Buy 20,000 EURUSD at 1.20
Sell 10,000 EURUSD at 1.2010 for a gain of +10 pips.
So I'm still long 10,000 EURUSD.
Then to finish the trade
Sell 10,000 EURUSD at 1.2020 for a gain of +20 pips.
FXbook records this at 2 separate trades, is there any way to combine these?
Thanks,
Scott
forex_trader_20637
Miembro desde Oct 17, 2010
posts 2
Oct 22, 2010 at 08:19
(editado Oct 22, 2010 at 08:20)
the same issue with metatrader.. the platform accounts the partial as separate trades so myfxbook can't do anything with it atm. however, some (mt4) brokers send info about partial closes via the 'Comments' field ('from #XXXXXXX', 'to #XXXXXXX' or something like that where XXXXXXX is the ticket number), ; it would be great if myfxbook would be able to analyze that comments and join the trades together somehow, calculate pips/lotsizes and give averaged TRUE pips gained with the trade. I can't even imagine trading without partial closing 😉
Oct 24, 2010 at 14:03
woul dit not be the same if you just put a stop on the trade where you took out the partial trade.? so now insteadof taking out half or how ever must of the trade the trade is still going at the full amount but you have the amount you wanted to take out locked in so if the trade comes back against you the amount you wanted to keep will be take out but if it keeps going in your favor then you make twice as must with out the risk ..?
forex_trader_20637
Miembro desde Oct 17, 2010
posts 2
Oct 25, 2010 at 02:16
(editado Oct 25, 2010 at 02:20)
cdrmaster posted:
woul dit not be the same if you just put a stop on the trade where you took out the partial trade.? so now insteadof taking out half or how ever must of the trade the trade is still going at the full amount but you have the amount you wanted to take out locked in so if the trade comes back against you the amount you wanted to keep will be take out but if it keeps going in your favor then you make twice as must with out the risk ..?
i take partial profits at s/r, fib and murrey levels.. or after few pips when i'm scalping.. if i put a stop right there or a few pips above/below it, it will almost certainly be hit by market noise.. but as i think of it, generally it's not a bad idea to put the stop in the middle between entry and the place where i'd close a part; depends on market conditions itm. But very often I close a half at some level and then, if i see a reject, close the rest in few minutes or even seconds after.. going with fullsize, there would be less profit since i booked a part already for the max pips of a swing. And these situations are quite common intraday.
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