Apart from strategy exit rules to close open deals there are also standard options available like Stop Loss, Take Profit and the ability to close a deal after certain period of time.
- Stop Loss: Set up in ticks or % to a deal open price. With every new deal of a strategy the Stop Loss will be set accordingly.
- Take Profit. Set up in ticks or % to a deal open price. With every new deal of a strategy the Take Profit will be set accordingly.
- Close if Lifetime. A strategy open deal will be closed after predefined number of bars.
Strategy opens a BUY deal in EURUSD at 1.14236. Stop Loss was set 0.00100 and Take Profit was set 0.00100.
So the new deal will have a Stop Loss at 1.14236 – 0.00100 = 1.14136 and Take Profit at 1.14236 + 0.00100 = 1.14336