Time gap after loss
The Time gap after loss – Prevent open module, will prevent opening a new order for a set amount of time when an order is in loss or a closed order resulted in a loss.
Settings
- Minimum time (minutes): the amount of minutes between two orders (from open- or close time of the previous order to a new order).
- Apply before additional order: prevent opening an additional order when an open order is in loss.
- Apply after closed order: prevent opening when the most recent closed order resulted in a loss.
- Maximum profit (pips): The maximum amount of profit (pips) an order may have for this rule to activate. Setting this value to -5 will allow a small degree of loss (less than 5 pips) without this module prventing a new order. Setting this value to 1 means even an order making a small a pip profit (excluding commissions) is counted as a loss. Setting this value to 0 means a loss is a loss, no matter how small.
- Allow reverse order: allow a reverse order (a buy after a sell or a sell after a buy) to be opened in any case.