When I place an order, I automatically put a Take Profit for it, and on the other side I place an order LIMIT to re-enter if the market goes to the opposite side, but sometimes I want to cancel all those pending positions to re-SET another TP for the new positions.
For example at the beginning I enter Long 1 contract, and I set the TP at 5 ticks above the "Avg Entry Price Level", but then the market goes down and I add another 1 contract, NOW I want to cancel the previous Take Profit Order, and re-calculate the NEW "Avg Entry Price Level" for the 2 contracts, and put a NEW Take Profit for the 2 contracts at 5 ticks above the NEW "Avg Entry Price Level".
Thank you very much
Comment