Topic: Close and Reverse logic
What is the purpose/function of this logic? Does it close a position when you get an opposite signal and open a new signal?
- muplayer2000
- Licensed Member
- Offline
- Popov
- Lead Developer
- Offline
Re: Close and Reverse logic
Yes it is.
See more info in the User Guide: Closing Point of the Position
Close and Reverse
The Close and Reverse indicator is an exception. It does not set the exit price of a strategy. Instead, it makes it “reverse” its direction. When using this logic, the additional opposite direction signals won't close the position but reverse its direction. The price at which the position can be reversed is the entry price, set in the Opening Point slot.
See the Demo MACD Reversal strategy included in the distribution:
- muplayer2000
- Licensed Member
- Offline
Re: Close and Reverse logic
Okay thank you
Popov wrote:
Yes it is.
See more info in the User Guide: Closing Point of the PositionClose and Reverse
The Close and Reverse indicator is an exception. It does not set the exit price of a strategy. Instead, it makes it “reverse” its direction. When using this logic, the additional opposite direction signals won't close the position but reverse its direction. The price at which the position can be reversed is the entry price, set in the Opening Point slot.
See the Demo MACD Reversal strategy included in the distribution: