BASKET OF TRADES MANAGEMENT


EA parameters 03

Closure: Target Closure $ Amount

The target profit dollar amount for the initial and topup trades together, at which amount the closure of those initial and topup trades should take place. This is the exit point in dollar amount for all the open trades. After the closure the EA enters a new initial trade as usual.

When there are no topups yet, but only the initial trade is open then this EA parameter is not used. Regarding the initial trade exit refer to the INITIAL TRADE MANAGEMENT section.

Refer to the examples for more details.

  1. Example - Closure at Profit Amount
  2. Example - Closure at Pips Profit

Closure: Target Profit Pips Closure

The target profit in pips for the initial and topup trades together, at which pips profit the closure of those initial and topup trades should take place. This is the exit point in pips for all the open trades. After the closure the EA enters a new initial trade as usual.

When there are no topups yet, but only the initial trade is open then this EA parameter is not used. Regarding the initial trade exit refer to the INITIAL TRADE MANAGEMENT section.

Refer to the examples for more details.

  1. Example - Closure at Profit Amount
  2. Example - Closure at Pips Profit

Maximum Topup Trades per Direction

This limits the EA how many topup trades can be entered by this EA. This limit is indendently applied to the buy and the sell directions: if this limit is set to 10 then there could be up to 10 topups in the buy direction and another 10 topups in the sell direction, that is 20 topups in total.

Topup TP Mode

A choice whether to make the TP visible on the broker server or not. This choice is in effect when 1 or more topup trades have been entered after the initial trade.


EA parameters 0301
Topup TP Mode Description
Set Topup TP with Broker The TP is visible to the broker server and the TP is set for the open trades on the broker server. The broker server closes off the open trades when the market price reaches the TP.
Hide Topup TP from Broker The TP is not visible to the broker server and the TP is not set for the open trades on the broker server. The EA tracks the market price and when the market price reaches the TP the EA closes off all the open trades.

Refer to the examples for more details.

  1. Example - FIFO Trading