Thanks. This is so helpful. Found your TH-cam page while looking for information on Prop firms. Found your FTMO/FT comparison and really enjoyed that too. Already subscribed to your page on TH-cam and IG. Well done 👏
@@MatttoMillion Hi Matt since you are a wizzkid with mtr - are you able to assist with this - how do you set price alerts on mt4 or mt5 if its possible/ or from the trading view app? much appreciated
There are EA's I believe that can do it in MT4, I'm not an expert on them though as I don't really use any. But there's definitely plugins out there for that too!
Hi Matt, great video and very helpful in some situations. However what I'd like to do is set targets with a limit order and partial out that way. How would I do that? So for example I have a EURUSD long position 12 lots. And I want to take profits 4 lots at a time at 3 specified targets, how would I do that? I'm used to entering separate positions which is fine, but sometimes I'd like to just put 1 trade on because it saves me time in scalping situations.
Cheers Fred! I'm not the best person to ask as that would be a software plugin for the desktop MT4 I would imagine and I don't use the desktop version. There must be one plugin out there that someone has created for something like that though
Is it also possible to set partial profit TARGETS on MT4? I saw in another video that it's possible by setting up multiple orders with a different take profits. But I trade low timeframes so don't have the time to set multiple orders, is there a more simple way to do it?
Does taking partial profits effect your risk to reward ratio? so lets say im targeting a 1:5 rr and i take 50% off the trade when the price is half way between my entry and tp does this effect my rr at all
Yep, e.g. if you have a 10R trade to start with and you take 50% of position partials at 5R, then you pocket 2.5R. Of the position continues to the original target (a further 5R) then it would only return you 50% of that. So you'd get a further 2.5R. So from the 10R initial potential, you'd make 5R total if you partialled 50%, half way.
thanks for video...can you set a stop loss on a winning trade with different percentage/lot size at different price positions ? I think forexarmy does one software for it....any recommendations or free ones available ?
I'm not sure to be honest, I don't use the desktop app with the software plugins so am not the best person to ask unfortunately but I'm sure there must be a few out there!
All clear, I do not understand, however, if it is possible to create an order with more Take profit: (Example) Buy BTC 40000 TP2 41000 IfI wanted to set a 50% sell at 40500, can I do it somehow in the same order? I ask this because I would like to avoid having to create 2/3 different orders for a Trade. I know this can be done manually but I would like to do it during creation or immediately after creating the order
I liked how the video was very concise and easy to understand. No fluff, rambling or going off tangent just short, effective value. Thanks.
Thank you - glad you liked it 🙏🙏
Thanks Matt, how to take partials was completely bugging me for a while now. Great video and very helpful, thanks man!
Glad you got something from it man 🙏
finally a video that actually shows how to take partials on mobile!
That's exactly the tutorial video I was looking for. Thank you so much for sharing!!
Great video this, very well explained. Thanks!!
Thanks. This is so helpful. Found your TH-cam page while looking for information on Prop firms. Found your FTMO/FT comparison and really enjoyed that too.
Already subscribed to your page on TH-cam and IG. Well done 👏
Thank you - really appreciate it 🙏🙏
Exactly what I was needing clarification with - very clear THANKS
Glad you got something from it
@@MatttoMillion Hi Matt since you are a wizzkid with mtr - are you able to assist with this - how do you set price alerts on mt4 or mt5 if its possible/ or from the trading view app? much appreciated
Very useful video. Thank yoi Matt
Wow great video! Straight to point!
Thank you - glad you liked it!
Thank you for this video! Simple and easy!
Thanks Naveen - glad you enjoyed it!
How do you set limit order partials
There are special EAs that can do that (from what I've heard), I've never used one though
Nice video, no dislikes. TH-cam haters haven't seen it
😂 absolutely! Thank you - appreciate it 🙏
Is there anyway to set orders to close partial? Kind of frustrating to have to sit at the charts and manually close when I just want to go by my day.
There are EA's I believe that can do it in MT4, I'm not an expert on them though as I don't really use any. But there's definitely plugins out there for that too!
Nice! Thanks
Thanks for watching 👊🏻
THANK YOU!!
You're welcome!
What do you change the lot size to if you open trade with 0.01? I'm new to the community 😁
Hi Matt, great video and very helpful in some situations. However what I'd like to do is set targets with a limit order and partial out that way. How would I do that? So for example I have a EURUSD long position 12 lots. And I want to take profits 4 lots at a time at 3 specified targets, how would I do that?
I'm used to entering separate positions which is fine, but sometimes I'd like to just put 1 trade on because it saves me time in scalping situations.
Cheers Fred! I'm not the best person to ask as that would be a software plugin for the desktop MT4 I would imagine and I don't use the desktop version. There must be one plugin out there that someone has created for something like that though
Is it also possible to set partial profit TARGETS on MT4? I saw in another video that it's possible by setting up multiple orders with a different take profits. But I trade low timeframes so don't have the time to set multiple orders, is there a more simple way to do it?
Not via MT4 mobile - it's very restrictive. Though there are EAs for desktop that support that. I don't know them but I've seen them spoken about
Does taking partial profits effect your risk to reward ratio? so lets say im targeting a 1:5 rr and i take 50% off the trade when the price is half way between my entry and tp does this effect my rr at all
Yep, e.g. if you have a 10R trade to start with and you take 50% of position partials at 5R, then you pocket 2.5R. Of the position continues to the original target (a further 5R) then it would only return you 50% of that. So you'd get a further 2.5R. So from the 10R initial potential, you'd make 5R total if you partialled 50%, half way.
@@MatttoMillion thank you very much 🙏🏾
Great video. Is there a way to have pending orders that take partial profits on this platform.
I'm not the best person to ask as I don't use the MT4 desktop app but I would imagine there is some sort of third party software plugin that can do it
thanks matt
Which software should you pick for your challenge - mt4 or CTtrader?
I've heard great things about CTrader but I've not used it. MT5 I found glitchy so MT4 was my choice
Nice vid! How do you use MT4 on a mac? Do you use a crossover app?
Great video, can you also make a video on how to calculate lot sizes on BTCUSD and US30
I have one on US30 - th-cam.com/video/oJ6bu3cX75Y/w-d-xo.html
Will probably roll the BTC calculation into another video
but what if I want to take like 30 percent or 20? How do I calculate that?
Just work out what 20 or 30% of your lot size is and close that amount
Why is it that when I close partials, my entry price will change where i closed it?
I'm not sure on that!
thank you
👊🏻👊🏻
Is it possible to take auto partials
Not that I know of buy I'd be surprised if there wasn't a download that could enable it. Would be great if it did exist!
How many lots did you trade? For Forex trades?
This was just an example of closing partials. My lot size would depend on my risk and SL
thank you
Eii ur face looking good bro looks like u had a good trading day
😂😂😂 yeah - taking the good with the bad haha
What about tp2?
perfect
🙌
Do you have Android version
Yep
That's short and great
Thank you, sir 🙏
thanks for video...can you set a stop loss on a winning trade with different percentage/lot size at different price positions ? I think forexarmy does one software for it....any recommendations or free ones available ?
I'm not sure to be honest, I don't use the desktop app with the software plugins so am not the best person to ask unfortunately but I'm sure there must be a few out there!
All clear, I do not understand, however, if it is possible to create an order with more Take profit: (Example)
Buy
BTC 40000
TP2 41000
IfI wanted to set a 50% sell at 40500, can I do it somehow in the same order?
I ask this because I would like to avoid having to create 2/3 different orders for a Trade.
I know this can be done manually but I would like to do it during creation or immediately after creating the order
Yes but only with an EA/Plugin for MT4. I've heard of them but I don't know any to recommend unfortunately!
i kept using an ea for this lol
rember asking this half a year ago on insta haha
🤣🤣