Execution rules: trade management
E13 Breakeven, E14 Trailing stops, E15 Partial closes, E16 Time and condition exits, E17 Pending order expiry
E13Breakeven#
When the price path reaches the at level, the stop moves to the entry price plus offset for a long trade (minus for a short trade) if that tightens it. The new stop applies to the rest of the path.
E14Trailing stops#
Once the price path reaches the after level, the stop follows the most favourable price reached since then, less by for a long trade (plus for a short trade), and only ever tightens. It updates at every point of the path. Distances that come from indicators use their value at the last closed bar.
E15Partial closes#
partial P at: X closes P of the trade's original size when the price path reaches X (at X, or at the open when the bar gaps past it), rounded down to the lot step. A partial that rounds to zero is skipped. If the size left would fall below the minimum lot, the whole trade closes. Each partial fires once.
E16Time and condition exits#
exit after: N bars closes a trade at the open of the bar after the Nth bar close following its entry bar. exit after: with a duration closes it at the open after the first bar close at or beyond that time since the fill. exit when: closes it at the open after the bar close where the condition is true.
E17Pending order expiry#
expires: N bars keeps an order active for the N bars after the bar that created it; expires: with a duration keeps it active until the first bar close at or beyond that time. An order that has not filled by then is cancelled at that close. Pending orders still open when a test ends are cancelled.