Users can close any position on a profit or loss using specific crossing conditions obtained from a user selected external source and/or by using our builtins exits. Exits conditions can be enabled in the EXIT CONDITIONS settings section.

External Exits

Exit Take Profit

Long/Short take profits exits conditions will exit a long or short position when a set condition is met such that the position exit on a profit.

Take profits conditions are triggered if they are toggled on for a specific order (Long/Short) and if the selected external source is either Crossing, Crossing Up, or Crossing Down, Greater Than, Lower Than, or Equal to the numerical value specified by the user.

Exit Stop Losses

Long/Short stop losses exits conditions will exit a long or short order when a set condition is met such that the position exit on a loss.

Stop losses conditions are triggered if they are toggled on for a specific order (Long/Short) and if the selected external source is either Crossing, Crossing Up, or Crossing Down, Greater Than, Lower Than, or Equal to the numerical value specified by the user.

Placeholders

Exit Long Take Profit when closing price cross the upper Bollinger band extremity

Users who do not wish to use a numerical value to evaluate a condition with an external source may use a placeholder instead, which allows using price data. The following placeholders are supported:

  • open : Opening price
  • high : High price
  • low : Low price
  • close : Closing price
  • hl2 :
  • ohlc4 :
  • hlc3 :
  • hlcc4 :

Builtins Exits

Builtin exits are included for the selected signal algorithm, these are the same as the ones present in the Signals & Overlays™ toolkit and can be used in the Backtesting System™ to exit positions.

Builtin exits will always exit a position on a profit.

Exit On Opposite Signal

Enabling the Exit On Opposite Signal setting will close any position once an opposite signal is generated (if enabled).

Partial Exits

Users can exit a percentage of an existing position by specifying a percentage lower than 100%.

This can lead to sequential exits, with reduced exposure each time an exit is triggered.