I have a question about profit target behaviour when scaling in to positions....
I have AllEntries set to true and am using a percentage profit target. I'm scaling in on EnterLong(qty, signalname), then calling SetProfitTarget(signalname, pct).
The observed behavior is that each scale in generates a new percentage profit target based on the scale in price - in other words, the position will scale out as well as scale in.
I'd like to set one profit target for the entire position. This would mean cancelling the existing profit target and placing new order for the total position size at the new profit target.
Any ideas on how to accomplish this?
John
I have AllEntries set to true and am using a percentage profit target. I'm scaling in on EnterLong(qty, signalname), then calling SetProfitTarget(signalname, pct).
The observed behavior is that each scale in generates a new percentage profit target based on the scale in price - in other words, the position will scale out as well as scale in.
I'd like to set one profit target for the entire position. This would mean cancelling the existing profit target and placing new order for the total position size at the new profit target.
Any ideas on how to accomplish this?
John
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