Topic: Closing Conditions

Hello - I have a couple of questions regarding opening and closing conditions.  I just recently discovered this program and am still learning how to use it, so I apologize if these are basic questions.

1.  Is there any way for closing logic conditions to be considered independently of the closing point of the position?  For example, I do not want to carry positions overnight, so I want to have a "Day Closing" to close open positions at the end of each day regardless of any other closing conditions.  However, I also want to close positions during the day if a certain combination of closing conditions are met.

2.  Is there any way to set an opening position based on another time frame?  For example, if I trade on a 5 minute chart, but I want an opening decision to be based, in part, on the moving average direction on a 4 hour chart.

Thanks.

Re: Closing Conditions

1. Use different logical groups. Read more here -> http://forexsb.com/wiki/fsb/manual/logical_groups                      http://forexsb.com/repository/repositor … -week-exit

2. Check WTF indis here -> http://forexsb.com/forum/topic/2438/wid … ndicators/
or switch to FSB Pro for advanced higher timeframe indicators (called LTF).

Re: Closing Conditions

I had similar wonder lately...

It looks like the logic conditions are added in an "ADD" instead of "OR" fashion. Meaning if I already have "enter the market at the beginning of the bar" (use as "A" here)  at opening logic condition. Then I add a "MACD line" (use as "B") and "MACD signal line" (use as "C"). The generator will only open a transaction when all A, B, AND C are true. Not A, B, or C!

However, there are some strategies I would love to have the choice of switching between "AND" and "OR" especially in the closing logic condition. Is it feasible in current FSB?

Re: Closing Conditions

onePiece wrote:

I had similar wonder lately...

It looks like the logic conditions are added in an "ADD" instead of "OR" fashion. Meaning if I already have "enter the market at the beginning of the bar" (use as "A" here)  at opening logic condition. Then I add a "MACD line" (use as "B") and "MACD signal line" (use as "C"). The generator will only open a transaction when all A, B, AND C are true. Not A, B, or C!

However, there are some strategies I would love to have the choice of switching between "AND" and "OR" especially in the closing logic condition. Is it feasible in current FSB?

I think if the conditions are in the sam elogical groupt than AND applies
If these are in diffrent grouprs the OR between groups apply

So group A
- condition #1a
- condition #2a

- to trigger both must be true

Group B
- condition #1b

To close the position either both A OR one of B must be true.

Re: Closing Conditions

Thanks, togr.

It is what I was looking for...