Originally Posted by don_forex

The original strategy we traded was to simply close all buys or sells once they met the profit level. This was very successful. The problem though was trending. If the price went high, you were stuck with a lot of sells open and conversely, if the price dropped, you were left with a bunch of buys. My partner started taking and closing three profitable orders along with one losing order once he met his profit goal of $20. He had a butt load of orders open and using this technique he was able to significantly reduce the number of open orders. I tried to code this but was unable to correctly identify the top three orders. He managed to come up with the current profitable order routine, so, we modified the technique to include all profitable orders and not just the top three. I think that using the top three orders in conjunction with the losing order might produce more profit and keep the margin tighter. What do you think?

Don