Hello:
how can i scale out of position? say I want to scale out 80% off my entry?
Thanks
To scale out of a position on Tradovate, you can manage partial exits by placing multiple exit orders manually. For example, if you want to scale out 80% of your position, you would set an exit order for 80% of your contracts and leave the remaining 20% for later. While Tradovate doesn’t have a dedicated feature specifically for scaling out by percentage, you can use ATM (Automated Trade Management) strategies to set up different profit-taking levels, which can function similarly by allowing you to exit portions of your position at various price points. For more detailed information and to explore additional stop loss and order management features, check out Tradovate’s ATM Stop Loss Types guide, which provides a comprehensive overview of the available options.