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. Past performance is not indicative of future results. There is no guarantee that the systems, trading techniques, trading methods, and/or indicators will result in profits or not result in losses.
This app is only compatible with FXCM’s version of MetaTrader 4. It will not operate on MetaTrader 4 software obtained from another broker. An FXCM account is also required. Individuals who do not have an FXCM account can register for a free FXCM Practice Trading Account (demo accounts) that is compatible with FXCM’s version of MetaTrader 4. Demo accounts allow users to test the software in a risk free environment.
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