Quick Close – Reverse Inputs

Description

This convenient script is ideal for range traders who require a simple solution to exit a single trade (long or short) while entering a new trade in the opposite direction. That’s exactly what the Quick Close – Reverse Inputs script does. When the script is run, a single trade is closed based on a defined Magic Number. When this happens a new trade of equal size is entered in the opposite direction, along with a Stop Loss and a Take Profit.

Inputs

The following inputs are available in the EA’s properties window and can be defined by the app user:

Money Management Inputs

• MagicNumber: A unique identifier that allows the EA to account for and manage its trades
• StopLoss: The stop price, as defined by a number of pips away from the open price
• TakeProfit: The take profit price, as defined by a number of pips away from the open price

Risk Disclaimer

The application displayed on this page does not take in to consideration your individual personal circumstances and trading objectives. Therefore it should not be considered as a personal recommendation or investment advice.

Requirements

This Expert Advisor (EA) is only compatible with FXCM MetaTrader 4 software. It does not operate on MetaTrader 4 software provided by any other brokerage. Additionally, an FXCM account is required (including free FXCM demo accounts).