Dual Profit Target Exits

[dlouisbriggs]

One of the most aggravating events for traders, is taking an early profit and then watching the position run in your direction. To address this type of event, a dual position entry is made with a close and distance profit targets respectively. When the first position profit target is hit then the stop of the second position is moved to break even and converted to a trailing stop. In this way the more distant profit target is given a chance to hit while never letting a winner turn into a loser (break even). I would suggest the following input fields:

Position 1 entry, stop and target
Position 2 target
Trailing Stop PIP distance

Thank you for considering this suggestion.