Anybody know how to set the take profit funktion in mt4 to take partial profits. For example I want to open a position with ten lots and set to take partial profit of 6 lots at 10 pips profit and let four lots run for a second profit target where I take rest of the trade out. I want to do this when I arrange my order, not during the trade. Is that possible?
I´m pretty sure there are some EA´s around that could do that for you. I´m sorry that I can´t help you directly(because I´m not using MT4 anymore) but here are 2 threads you can look at to get some ideas.
ALL Order Related Indicators, Scripts and EA @ Forex Factory
You can do it two ways 1. Open two separate orders one with 6 lots the other with 4 and set the different TPs for both. Or you can open 1 trade with 10 lots then select “close order” after your first profit level is reached and in the volumes area enter the amount you wish to close.