I received a question from Tania Halima who asked:
If you set 2 or 3 profit targets for a specific trade and once the trade hits the first target and it is closed, how can you reach the 2nd target?
Moreover, if you set 2 targets then you will have to monitor the price all time, which means extra anxiety.
Thanks a lot!”
You may split your trade into 2 separate order, dividing the lot size by 2 as well.
For example, you want to enter 0.5 lots with EP=1.2100, SL=1.2050, TP1=1.2150 and TP2=1.2200. You will split the trade into 2 trades with the following parameters: Order #1 Volume=0.25 lots EP=1.2100 SL=1.2050 TP=1.2150 Order #2 Volume=0.25 lots EP=1.2100 SL=1.2050 TP=1.2200 Once TP1 is reached, Order #1 will exit by itself. You can then decide whether to shift the SL to EP for Order #2.
I hope this answers your question.
To your success as a profitable trader,