Partial Close v1.2 Setup
- Date added:
- Monday, 17 August 2009
Description
The Gallant FX Partial Close Tool is a custom Expert Advisor (EA) designed as a tool to make trading more streamlined and effective by using technology to automate complicated tasks. Its function is to close or scale out an open order by dividing the original lot size into equal parts chosen by the user.
"Target Order" -- the ticket/order number of the order that the Partial Close Tool will track.
"Close Points" - indicates the number of parts into which the total lots will be divided to automatically scale out the positions. For example, if the original order was 0.3 lots and "Close Points" is set to "3", then the position will be closed in 0.1 lot increments three times based on the Take Profit. The EA does these calculations automatically.
A Status Display monitors all activity. The EA can be used on multiple charts of the same or different currencies on the same account.
"Target Order" -- the ticket/order number of the order that the Partial Close Tool will track.
"Close Points" - indicates the number of parts into which the total lots will be divided to automatically scale out the positions. For example, if the original order was 0.3 lots and "Close Points" is set to "3", then the position will be closed in 0.1 lot increments three times based on the Take Profit. The EA does these calculations automatically.
A Status Display monitors all activity. The EA can be used on multiple charts of the same or different currencies on the same account.
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