• Registered: 2010-09-21
  • Posts: 13

Topic: Closing point of position?

Hi guys,


I have been playing around with a strategy that has a specified entry time from 10 am to 2pm, and also uses the Bollinger Bands to set the entry price of a position.  The closing point of the position is the close and reverse function.  What I am unsure about, is while I know that no new positions can be entered into after 2 pm, can exits occur after this time?  Would really appreciate any assistance with this. Thank you for your help.

  • Popov
  • Popov
  • Lead Developer
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  • From: Bulgaria
  • Registered: 2006-11-30
  • Posts: 7,895

Re: Closing point of position?

If you use "Close and Reverse", the position can be reversed only when all entry conditions are satisfied. That means only between 10am and 2pm.
To workaround that, you can set the mirrored entry point in the "Closing Point of the Position" slot instead of "Close and Reverse".

For example if your entry is at upper BB, you can set exit at the lower BB. Doing so, the entry will be only between the specified time interval but the exit can be out of it.

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