How To Close Your Trade In Pieces Using TradingView

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4 жыл бұрын

In this video, I'm going to show you how to close your trades in partial using TradingView. This is a great way to avoid negative equity and keep your trading account safe.
If you're new to trading, or if you've been trading for a while and have started to notice negative equity, then this video is for you. In this video, I'll show you how to close your trades in partial using TradingView to prevent your account from going into negative equity.
Hope you enjoyed this video!
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Пікірлер: 146

@AustinSilverFX 4 жыл бұрын

Join my weekly email list for updates and market analysis --> bit.ly/38lhTRM

@stephensibek2058 3 жыл бұрын

stephensibek@gmail.com

@jamessims62 2 жыл бұрын

How do you buy multiple positions of the same currency without it lumping the orders togerher

@luckyoconnor1241 2 жыл бұрын

Been looking for this for like a year! Thank you! Helps you understand a little more in depth of how it all works.

@pgbailey 2 жыл бұрын

This had been driving me nuts, and you explained it so well!!! Thank you!!

@JOOStanbeats 4 жыл бұрын

This was extremely helpful, been looking for the answer on other pages

@AustinSilverFX 4 жыл бұрын

Im glad :)

@NeilBradleyMS 2 жыл бұрын

Thank you so much for explaining this perfectly. I really appreciate it, and you have a new subscriber. 👍

@donaldjones8920 Жыл бұрын

Great video, thanks. I have had Oanda account ever since I started trading Forex and have always traded in units so I don't even think in lot sizes. Gives much more control over the amount you are risking.

@adrianduncan7228 3 жыл бұрын

Thanks a bunch bro! I’ve been trying I understand this for a while 🙏

@AustinSilverFX 3 жыл бұрын

No problem 👍

@dwhite99 3 ай бұрын

Great info appreciate it!

@emjaye_ Жыл бұрын

I was scouring youtube google and couldnt find anything but tutorials about trading this is exactly what i was looking for! thank you now i can get out of this short position good thing its only on paper trading hitting roadblocks would be terrible in live markets😁😁😁

@AustinSilverFX Жыл бұрын

Thanks friend

@marcuswynn1448 3 жыл бұрын

So this was very helpful. It answered some questions I’ve had. Would you consider doing a lesson on a related topic: scaling in and scaling out using limit orders? I appreciate your matter-of-fact style.

@jkassbit 3 жыл бұрын

hey austin, very simple and straight forward, you gained a new sub :)

@AustinSilverFX 3 жыл бұрын

thank you :)

@jkassbit 3 жыл бұрын

@@AustinSilverFX hey Austin im having some trouble with understanding leverage and i can't find any information on youtube that answers it. Can you help me?

@freeyourselfmorowa9243 3 жыл бұрын

Thank you soo much this will definitely come in handy!!

@AustinSilverFX 3 жыл бұрын

Glad it was helpful!

@yulamado9662 4 жыл бұрын

thanks for the great video🙂. I have 2 questions, once I hit 2R can this process be automated in trading view? 2. you said metatrader 4 was left in the dust. Just curious why you switched to trading view🤔 ?

@miarobinson9349 2 жыл бұрын

Thank you for this video. It was super helpful.

@R_M.P 3 жыл бұрын

Hey Austin. Thank you! Been an Oanda Meta Trader 4 for about 10 yrs. Just switched to TV a couple weeks ago to trade stocks as well. Love the interface much better. Question: Do you know if you can do a partial close with stock shares? Seems like it would work the same, right?

@ApexFuturesTrader 2 жыл бұрын

Thank You so much! Great explanation.

@AsXGonza 2 жыл бұрын

short, clear and efficient, that´s what I needed, thank you buddy

@MoneyWicks 3 ай бұрын

That wasn’t short but it was only clear, this could have been a 10 seconds long video

@d.beaumont 3 жыл бұрын

Thank you Austin, clear and perfect!

@AustinSilverFX 3 жыл бұрын

Glad it was helpful!

@legiolux3778 Жыл бұрын

Great video!

@philweekes9510 3 жыл бұрын

Thanks! Been trying to figure this out for ages!

@AustinSilverFX 3 жыл бұрын

Glad I could help!

@Happyclapper 4 жыл бұрын

You legend! I couldn't find this information anywhere.

@AustinSilverFX 4 жыл бұрын

Thanks Mark, im glad it helped

@slumvillage51 Жыл бұрын

Thanks for explaining this clearly!

@carcer149 2 жыл бұрын

you are amazing MAN!!!! thx you for clarifying how to close partial positions..... THANK YOU VERY MUCH.....

@wolfie8012 3 жыл бұрын

That's it. You're too helpful. Subscribed!!

@AustinSilverFX 3 жыл бұрын

Thanks for the sub!

@thilowest 2 жыл бұрын

Great video, Thank you brother.

@darrentopham8165 3 жыл бұрын

Hi Austin thanks for the great video. quick question once you've entered the trade can you use a buy / sell stop order to remove partial profits without being at the market, or does it have to be a market order. thanks in advance

@AustinSilverFX 3 жыл бұрын

I am not sure if you can, it sounds like it should it work, but that is not how i do it

@fotospatinaje 3 жыл бұрын

Excellent video very helpful 👍🏻🙏

@AustinSilverFX 3 жыл бұрын

Glad it was helpful!

@user-fx8dy7js8b 3 ай бұрын

thank you

@aaronc2293 3 жыл бұрын

This video gained you another sub 😎👌🏼

@AustinSilverFX 3 жыл бұрын

Thanks Aaron :)

@Irajjamshidii 3 жыл бұрын

thanks my friend for your great work

@AustinSilverFX 3 жыл бұрын

Thank you!

@Momotrader13 4 жыл бұрын

super helpful thanks!

@AustinSilverFX 4 жыл бұрын

So glad!

@fredrickcallahan4292 Ай бұрын

Thanks Bro

@ransombaggins9301 2 жыл бұрын

About Take Profit levels... if you had a buy position and you want to automatically take 50% out when it reached a profit level of, say, 1:2, would you set up a Limit Sell Order at the first take profit level for half of your position?

@aridunphy909 Жыл бұрын

I tried this and it enters a short, instead of partially closing the long... :/

@surajthallapalli4227 3 жыл бұрын

Crystal clear explanation.

@AustinSilverFX 3 жыл бұрын

Glad it helped!

@bennythebull5895 2 жыл бұрын

I'm trying to follow the method but it keeps on either buying me in or selling me short, not partially closing?? what am I doing wrong?

@lotfibentouati2336 Жыл бұрын

thank you man

@urigeheadmot1196 2 жыл бұрын

nice, thank you and have a great day

@TR-vb3ni 3 жыл бұрын

Thanks Austin, very useful. Why do you use the FX Trading app to trade if Tradingview has the functionality? Thanks

@AustinSilverFX 3 жыл бұрын

As a backup, just in case tradingview acts up. Thanks for watching my friend :) appreciate it

@StargateMax 3 жыл бұрын

Thank you!!!

@AustinSilverFX 3 жыл бұрын

You're welcome!

@xilllllix 3 жыл бұрын

didn't know i could do that, thanks!

@AustinSilverFX 3 жыл бұрын

You got it!!

@lewishoanglong1610 3 жыл бұрын

Thank you so much!

@AustinSilverFX 3 жыл бұрын

You're welcome!

@garydavies5729 10 ай бұрын

Hi Austin, can you confirm if this function is only available on the paid version of tradingview?

@brianwebster7622 6 ай бұрын

On tradingview is a way to close out of a trade without having to confirm it ... even the flatten button makes you still confirm the close ... and suggestions? thanks.

@ajetival 10 ай бұрын

Thanks 😊

@liliajessicacamarillo6659 5 ай бұрын

I just moved from MetaTrader to Trading View, I always closed positions manually, for example I barely used stop and take profits tools, but here im not sure that if I close position manually my profit goes or reflects positive. Can I do it? or has to be under the Buy limit option?

@workfromhome_remote 3 жыл бұрын

Thank you 🙏

@AustinSilverFX 3 жыл бұрын

Welcome!

@anvaykhedulkar339 3 жыл бұрын

hiii plzz reply. you have cleared one of my biggest doubt but i still have one what is a unit like is it in base currency or what and which currency do i get the profits. please tell.

@ravinarayanmiskin6179 3 жыл бұрын

Simple, no nonsense explanation! Great work!

@AustinSilverFX 3 жыл бұрын

Glad it helped!

@Ethanlouisc Жыл бұрын

Yeah 7 minutes for a simple question

@MRCDF7 3 жыл бұрын

Thanks!

@AustinSilverFX 3 жыл бұрын

No problem!

@alexandrudamacus5079 3 жыл бұрын

thanks!

@AustinSilverFX 3 жыл бұрын

No problem!

@carleck 3 жыл бұрын

Thank you

@AustinSilverFX 3 жыл бұрын

You're welcome

@marcsantiago4401 3 жыл бұрын

What if you have multiple positions open and need to partial out of one position but not the other? Assuming that all positions are either all long or all shorts.

@Ethanlouisc Жыл бұрын

Why tf is this 7 minutes

@ridwanyousuf 6 ай бұрын

Init

@joshuabennett4718 3 жыл бұрын

Great content and thanks for taking the time to put it out there..also a quick question about Oanda..are you able to trade metals or anything other than pairs..Im in FL and called them and they said i cant do metals..i cant even do crypto

@AustinSilverFX 3 жыл бұрын

No you cant trade crypto or commodities with oanda, its tough to find a regulated brokers that offer those markets. If youre in FL, you should be coming to our event in Miami in June

@joshuabennett4718 3 жыл бұрын

@@AustinSilverFX thanks for the quick response..so you dont trade those things at all? Also whats the details on your event (probably working but ya never know)

@sandork.9510 6 ай бұрын

no bullshit, smile explain, thanks

@rmatthews9545 2 жыл бұрын

After I did this in the paper trading, my trade disappeared with no profit shown. I did it using the on-screen sell/buy. I supposed I should have done it in the actual "Buy/Sell" window?

@bernardlisowski1373 2 күн бұрын

does this work for futures & stock

@Yaser__ Жыл бұрын

Tnx

@takatrefbon06 Жыл бұрын

Brother do you have a vedio showing how to intigrate Ouanda to tradingview

@Dx_Ach 3 жыл бұрын

How do you set multiple take profits at different RR ratios? if i wanted to close 50% position at 1:1, and the 2nd 50% at 1:2?

@AustinSilverFX 3 жыл бұрын

You cant as far as i know.

@Dx_Ach 3 жыл бұрын

@@AustinSilverFX damn, thats actually really annoying.

@bananaram7611 Жыл бұрын

I would like to be able to close my trade automatically, i.e., while I'm away from the trade. If it reverses, say.. just beyond the .0618 Fib, where I placed my SL. I have both MT4 and TV. Thank you 😊

@sardarbelal3114 2 жыл бұрын

Could you please make some more videos like this coz not many videos about placing order like gold or Bitcoin?

@m1ckeyyxd112 Жыл бұрын

When I do this it just opens up a buy order

@freeman_mario 3 жыл бұрын

Austin...please what happens if after taking partial profits you still get stopped??

@AustinSilverFX 3 жыл бұрын

What do you mean what happens? You move on to the next trade.

@itslike123 3 жыл бұрын

What if hedging enabled ? Do you think it will work?

@AustinSilverFX 3 жыл бұрын

I dont know enough about it to answer for sure

@ajdavis2243 3 жыл бұрын

Austin - Not sure if you mentioned this in another video or in the course (only halfway through) but do you use market, limit, or stop orders for your strategies on Trading View?

@marvinesha617 4 жыл бұрын

sadly very few brokers are available in tradingview. Thats the reason why i still use MT4.

@AustinSilverFX 4 жыл бұрын

I hope it changes over time

@freeyourselfmorowa9243 3 жыл бұрын

Yes!! I prefer tradingviews layout over MT4...its just easier and more aesthetically pleasing to me

@rajeevvidyadharan8655 2 жыл бұрын

Is this same in stock market???

@Alpacabowl98 2 жыл бұрын

but how do you open/close multiple positions on the same chart, same pair, same bias,

@emmanuellebon1507 3 жыл бұрын

Can we do the same if we have a take profit set up already?

@AustinSilverFX 3 жыл бұрын

yes

@emmanuellebon1507 3 жыл бұрын

@@AustinSilverFX I am not able to do it with my TradeStation broker connected. Could you help

@Medphy24 3 жыл бұрын

hmm and how to put pending orders? What happens if the Stop is then hit first. The pending order would still be active. not good

@AustinSilverFX 3 жыл бұрын

If the pending order is placed the stop loss would take you out. I dont use pendings its too risky

@billionaeris1183 Жыл бұрын

Can i do this on Metatrader?

@AustinSilverFX Жыл бұрын

Sure

@UweEatsWorld 9 ай бұрын

Doesnt work with limit orders. Was in profit on my long position - ive set a sell limit ( close the half of my position ) but ive only ended up with 2 open positions : my first long one, and then a new short one - hedge style :) so the second sell limit order didnt partially close my previous long one 🤐🤣

@charlesbaldwin5157 Жыл бұрын

Great video definitely helpful information. My only issue with taking partials is that it will significantly reduce the profitability of a trade. I have a software package that shows the difference when you take partials and it's pretty major. However I guess it's a tradeoff that allows for protecting downside risk.

@KP-xf3vi 2 жыл бұрын

it wont even let me close my whole position when i click the x

@ahmedaljabal515 Жыл бұрын

For anyone in a hurry just buy/sell against your position as it's not a 2way futures account. If you don't understand what I said then watch the video

@magnusj5042 2 жыл бұрын

video starts at 4:10

@typ8723 4 жыл бұрын

4:17

@AustinSilverFX 4 жыл бұрын

???

@typ8723 4 жыл бұрын

@@AustinSilverFX 4mins of rambling

@AustinSilverFX 4 жыл бұрын

Lol

@anidamsa4396 3 жыл бұрын

@Ty P , Absolute nonsense, I found this video really helpful, and addressed a number of issues I couldn’t find anywhere else. Brilliant job Austin. Many thanks 😃

@carcer149 2 жыл бұрын

I have a question to all of you who can help me to understand: I am new and I keep hearing the keywords: EXIT, CLOSING your trade, are these words have the same significative, are the same. or each one means different? I know what is a Stop-loss....Thank you..

@asdfghjkldfghjhgcgyuigfyui9792 3 жыл бұрын

Oanda never explained this

@curiouslysecure4181 3 жыл бұрын

OMG!!!!!!! Thank you sir! This has helped me a lot. And you are a good teacher and good communicator. Wow...this is something that a broker wouldn't want you to know. lol #jewels

@Ijaf98 2 жыл бұрын

In reality, this video only needed to be like 2 minutes long

@STARKID66 2 жыл бұрын

Really took you 4 minutes to get to the point, thanks though

@alexhepworth1605 Жыл бұрын

If you hit the X at your opening position it gives you the option to close partials 🤣🤣🤣 your going a hard and over complicated way too do it. Simply press in the X and change the figure of how much you wish to close and then everything updates automatic 😂😂

@RWRepeat 3 жыл бұрын

Shame. I have an account that allows hedging, so this doesn't quite work. Nice video though.

@thomasjohnson5581 7 ай бұрын

you were supposed to show us how to close trade and I am 2 mins and 35 seconds in the video and you just rambled.... it literally takes to seconds, srry bro but that just gave me a headache .........