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How do I use Limit Orders to scale out ?
I am using MT4 version 4 build 186. When I Sell 4 lots of a currency in one order at the same time, I can add a Stop to protect all of them either at the time of the order or by ammending it immediately after.
What I want to do is then scale out of the posn by Buying back each Lot at sucessive lower prices using Limit orders, say 10 pips apart, that will reduce my Open positions as the Limits are hit. But I cant find a way top do that !!
The Amend Order screen will not let me change the size of the Lots and if I add a new Pending order for a Buy Limit, once it is triggered it becomes a new order rather than closing one of the origional Shorts.
I cant find it in the online manual either. Can anyone help ?
thanks
Last edited by billm; 01-02-2006 at 04:20 PM.
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