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Ichinga Samuel
26 lines
810 B
Markdown
26 lines
810 B
Markdown
# position_tracking_functions
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`aiomql.contrib.trackers.position_tracking_functions` — Pre-built tracking functions.
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## Overview
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Provides ready-to-use tracking functions for the [`PositionTracker`](position_trackers.md).
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These functions automate common position-management actions like trailing stops and
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take-profit extensions.
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## Functions
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### `trailing_stop(position, *, pips, …)`
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> Implements a trailing stop loss.
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Adjusts the stop loss to trail behind the current price by a specified pip distance.
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Only modifies the stop if the new level is more favourable than the existing one.
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### `trailing_take_profit(position, *, pips, …)`
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> Extends the take profit as price moves favourably.
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Adjusts the take-profit level when the position's profit exceeds a threshold,
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locking in additional gains.
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