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Forex Forum → Premium Club → Close and Reverse logic

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Posts: 3

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?

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:

http://s28.postimg.org/ib8usw3pl/screenshot_1019.jpg

Re: Close and Reverse logic

Okay thank you

Popov wrote:

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:

http://s28.postimg.org/ib8usw3pl/screenshot_1019.jpg

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