I am having a hard time to get my stop loss to adjust automatically to the number of shares that I have when I am scaling out. If I have a stop loss set and scale out of a trade the number of shares in my stop loss remains at the original amount, and then if it hits that stop loss it will actually flip my position. For example, I buy 100 shares at xyz at $50 and scale out by selling half my position when the stock reaches $52, leaving me with 50 shares out of my original 100 shares. Now I move my stop loss up on the chart to break even. The stock drops and hits my stop loss but it sells the full amount (100 shares) and now I have 50 shares short, which I didn't want.
Is there any way to have my stop loss automatically adjust to the number of shares I have when scaling out? I contacted DAS support and they said there is not and recommended using the script Share=Pos;Replace. I am hoping they are incorrect. The problem with the script is that I need to double click on my open orders to do so, and then that pulls up my STOP position on the montage window, then I hit the hot key, but then my montage window is now on my STOP on my STOP position and I need to manually toggle back to my original position to get my default montage window back before I can start scaling out again. All of which takes a lot of time and is subject to error.
Appreciate any answers!