Yes it is. You can place multiple orders during a trade, and if an exchange supports it you can hedge against your derivative position.
You may need to change your position mode in your settings.
One way to do this is to use the Increase and Decrease Position actions within the strategy builder's rules.
You could create a rule which listens for the right conditions and then runs an action to decrease the position (take profit) or to increase position (rebuy).
These options are only available in the Orange Exit Rules
