This function closes an existing open order when the forex EA gives the signal to take the opposite position. This can come in handy when. If you end up making a profit from your tests, you could be on to something. The key then, is to figure out why you're making money doing the opposite of. Share ideas, debate tactics, and swap war stories with forex traders from around the world. ALABAMA NOTRE DAME BETTING LINE

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Simply enter only the figure. Setting Stop Loss Pips : Stop loss setting for trades. You can make it zero if you want to close the trade only on the opposite signal. Setting Take Profit Pips : You can set the take profit here. If you enable here, then stop loss and take profit set in pips previously will be ignored. Instead of fixed stop loss and take profit, you can use ATR distance period Average True Range to dynamically set the stop loss and take profit.

NB: When you use any setting that would create more than one trade at any given time. The Automater will use the ATR that was used in the initial trade for the other trades created after the initial trades. It has to be set as an ATR multiplier. For instance, if you put 2 here, then the stop loss will be two times the ATR distance at the time of entering the trade; if the ATR was 10 pips at that time, then the stop loss would be 20 pips.

For instance, if you put 2 here, then the take profit will be two times the ATR distance at the time of entering the trade; if the ATR was 10 pips at that time, then the take profit would be 20 pips. Please note breakeven point does not work when price optimization module is enabled set both entry optimization by SL and by indicator signals as false. Please note trailing stop does not work when price optimization module is enabled set both entry optimization by SL and by indicator signals as false.

To do so, one has to specify the amount of lots less than that given for the opened position in the "Volume" field before pressing of the "Close For example, it can be done when prices reach the "Stop Out" level that was set by the broker; history charts are drawn only on BID prices in the terminal. At that, a part of orders shown in charts is drawn on ASK prices. To get ASK price of the latest bar shown, one has to flag "Show Ask line" option in the terminal settings.

Close by Opposite Positions Opposite position towards the given one is a reverse position for the same symbol. If there is one or more opposite positions among the open positions, one can close the selected position by and together with an opposite one. To do so, one has first to open the "Order" window as described above. Then, the "Close by" must be selected in the "Type" field. After that, the list of all opposite positions will appear in the lower part of the window.

One has to select an opposite position in this list, and after that the "Close It allows to close two positions at the same time. Only one of two opposite positions with different amounts of lots to be traded will remain.

The volume amount of lots of this position will equal to the difference between lots of the two closed positions, and its direction and open price short or long will correspond with those of the larger in volume of two closed positions. Multiple Close by Opposite Positions Multiple close of several opposite positions allows to close more than two opposite positions at the same time. To perform this operation, one has also to open the "Order" window as described above.

Then the "Multiple close by" must be selected in the "Type" window.

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