Topic: Closing positions
Do the robots close positions automatically, or do positions go on in perpetuity until manually closed? I've used EA Studio on and off, and I find the robots have good entry strategies but minimal exit strategies. Sometimes the position will stay open for more than a week. If I don't use SL/TP (I usually don't), then do I have to wait for an acceptable profit and close the position myself?
Making big profits by leaving positions open is fine with me, but some of the positions seem to be against the trend, and therefore can have significant negative equity. I'm not keen on Martingale-type strategies, so this is somewhat distressing - particularly since I will be starting with a small account and trading my way up.