Create and Test Forex Strategies
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| fsbpro_guide:closing_logic_conditions [2014/10/23 15:57] – [Examples] Miroslav Popov | fsbpro_guide:closing_logic_conditions [2014/10/28 21:13] – Miroslav Popov | ||
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| ====== Closing Logic Conditions ====== | ====== Closing Logic Conditions ====== | ||
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| ===== Introduction ===== | ===== Introduction ===== | ||
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| The **Closing Logic Conditions** slots (**Closing Conditions**) are available only if you have selected Bar Closing (or similar indicator) in the **Closing Point of the Position** slot. These slots can contain logical condition indicators. To add a Closing Condition you have to click on the //Add a Closing Logic Condition// button. Any of those logical conditions is assessed separately for short and long positions and can either be **fulfilled** or **not fulfilled**. It is possible that the condition is fulfilled for a short position but not for a long one. In some cases, the condition can be fulfilled in both directions of trade at the same time (when using //ADX// for example). | The **Closing Logic Conditions** slots (**Closing Conditions**) are available only if you have selected Bar Closing (or similar indicator) in the **Closing Point of the Position** slot. These slots can contain logical condition indicators. To add a Closing Condition you have to click on the //Add a Closing Logic Condition// button. Any of those logical conditions is assessed separately for short and long positions and can either be **fulfilled** or **not fulfilled**. It is possible that the condition is fulfilled for a short position but not for a long one. In some cases, the condition can be fulfilled in both directions of trade at the same time (when using //ADX// for example). | ||
| The function of the Closing Conditions is to trigger a close to the position. The fulfillment of **//any//** of the closing logic conditions will give a close signal (unlike Opening Conditions which must all be fulfilled in order to give open signal). | The function of the Closing Conditions is to trigger a close to the position. The fulfillment of **//any//** of the closing logic conditions will give a close signal (unlike Opening Conditions which must all be fulfilled in order to give open signal). | ||
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| ===== Examples ===== | ===== Examples ===== | ||
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| In this example, the position will close at the //Bar Closing// price only if the //Slow %D// line of the // | In this example, the position will close at the //Bar Closing// price only if the //Slow %D// line of the // | ||
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| ===== Summary ===== | ===== Summary ===== | ||
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| * The Closing Logic Conditions slots contain logic conditions which have two values: // | * The Closing Logic Conditions slots contain logic conditions which have two values: // | ||
| * To close a position in a given direction, at least one of the conditions needs to be met | * To close a position in a given direction, at least one of the conditions needs to be met | ||
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| * If there are no logic conditions, the position closes every time the close price is reached | * If there are no logic conditions, the position closes every time the close price is reached | ||
| * A position closes at the price set in the Closing Logic Conditions slot | * A position closes at the price set in the Closing Logic Conditions slot | ||
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| + | ~~DISQUS~~ | ||