Wednesday, 17 October 2007
CloseAllOnReverse EA settings
These settings are not very clear, so here is a clarification on the EA settings/parameters for closing out trades.
CloseAllOnReverse =true
CloseOnlyProfitableAllOnReverse =true
So with them both being true, it will close out JUST THE PROFITABLE TRADES ON A REVERSE.
CloseAllOnReverse =true
CloseOnlyProfitableAllOnReverse = false
This will close all trades on a trend reversal, even the ones that are drawn down.
Finally
CloseAllOnReverse =false
(CloseOnlyProfitableAllOnReverse becomes irrelevant as it is not used)
This will not attempt to close out trades on a trend reversal - so you are relying on the trailing stop to exit trades.
CloseAllOnReverse =true
CloseOnlyProfitableAllOnReverse =true
So with them both being true, it will close out JUST THE PROFITABLE TRADES ON A REVERSE.
CloseAllOnReverse =true
CloseOnlyProfitableAllOnReverse = false
This will close all trades on a trend reversal, even the ones that are drawn down.
Finally
CloseAllOnReverse =false
(CloseOnlyProfitableAllOnReverse becomes irrelevant as it is not used)
This will not attempt to close out trades on a trend reversal - so you are relying on the trailing stop to exit trades.
Labels: CloseAllOnReverse, CloseOnlyProfitableAllOnReverse, EA Settings
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