The Profit Exit function fnBarExit  closes an open order after a number of bars.


The fnBarExit  counts the number of bars (or candles) that have occurred since the order was opened.

When the trade has been open for the defined number of bars, it is closed.


Note: The fnBarExit  is normally used for testing only!

Specifically, fnBarExit  is used to test the quality of a system's entry logic.


After the fnBarExit function has been added to a Drawing, it is configured by clicking the (+) button along the bottom of the Element.

The Function Configuration window allows you to select values for each parameter.



The following table provides information about each parameter of the fnBarExit function.


Order Selection

Determines what orders of the Account are monitored.

  • All: all open orders on the account.
  • Symbol: only open orders matching the selected symbol.
  • Order Type: only open orders of the selected order type.
  • MagicNumber: only open orders with a matching magicnumber.
  • Exact Ticket: only open orders with the matching order ticket.

Note: Selecting Exact Ticket disables all other selection criteria.

bars

The number of bars allowed to elapse before closing the trade.