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