How to setup multiple Take Profits?

General Questions
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#1

Should there be multiple lines for each TP? if yes, then should there also be quantity mentioned for each TP?

#2

Hello @mtahreemalam,
No. We do support one TP at a time.

There are however two ways you can use to achieve multiple take profits;

  1. Splitting up your position into smaller portions with different take profits. In this case, each position will be closed when its own tp is hit.
    BUY EURUSD Q=0.01 TP=1.1234
    BUY EURUSD Q=0.01 TP=1.345
    BUY EURUSD Q=0.01 TP=1.456

  2. Using partial close command. In this case, you open one position, and each time your tp level is hit, have your TradingView script send a partial close command with the quantity to close.
    For example, CLOSE EURUSD Q=0.01.

Regards.

#3

Hi Tash, is it possible to implement the method 1. splitting up the position of 2 contracts into 2 smaller portions with different TPs for strategy script, for example, using the following payload in the alert message of Tradingview::

{{strategy.market_position}} MNQM24 Q=1 TP=500 MNQM24 Q=1 TP=1000

Please advise, thanks.

#4

Hello @timwey

No, the correct format must be followed. That is, each command should start on a new line. In your case, the correct format should be:

{{strategy.market_position}} MNQM24 Q=1 TP=500
{{strategy.market_position}} MNQM24 Q=1 TP=1000

Tash.

#5

Hey Tash,
So I’ve got a similar problem. When I do it like the way you described, my orders and take profit orders are combined into one. How can I change that?

#6

Hello @Ted-247

Which platform are you using? It is not possible to get this combined on Meta Trader.

Tash.
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