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Board index » Molanis Technical Indicator Builder for MT4 » Indicators and Custom Indicators for MT4

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kevinb1914
 Post subject: Using CloseBy function for an ECN broker
PostPosted: Thu Sep 20, 2012 8:29 am 
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Joined: Tue Sep 04, 2012 10:17 am
Posts: 12
Can the CloseBy function be used in an EA to close a trade with an ECN broker?
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molanisfx
 Post subject: Re: Using CloseBy function for an ECN broker
PostPosted: Thu Sep 20, 2012 9:05 am 
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Joined: Tue Dec 22, 2009 12:22 am
Posts: 1761
Sure. ECNs only have restrictions when opening the trade (you need to send the order and after execution you add the stops)
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kevinb1914
 Post subject: Re: Using CloseBy function for an ECN broker
PostPosted: Thu Sep 20, 2012 1:18 pm 
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Joined: Tue Sep 04, 2012 10:17 am
Posts: 12
When I have tried to close a trade from the Trade window, there is no CloseBy option. See attached screenshots.


Attachments:
CloseBy for standard account.GIF
CloseBy for standard account.GIF [ 81.12 KiB | Viewed 7601 times ]
No CloseBy ECN Account.GIF
No CloseBy ECN Account.GIF [ 80.06 KiB | Viewed 7602 times ]
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kevinb1914
 Post subject: Re: Using CloseBy function for an ECN broker
PostPosted: Thu Sep 20, 2012 1:21 pm 
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Joined: Tue Sep 04, 2012 10:17 am
Posts: 12
The name of the screenshots did not show in these screenshots. The top screenshot is for a standard account. Same broker but the lower screenshot is for an ECN account and there is no CloseBy option.
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molanisfx
 Post subject: Re: Using CloseBy function for an ECN broker
PostPosted: Fri Sep 21, 2012 8:54 am 
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Joined: Tue Dec 22, 2009 12:22 am
Posts: 1761
Maybe I got confussed. I was saying that in the strategy builder you can use the close icons CL and CS to close positions with ecns. But you are asking about a mt4 option. What is closeby?
Maybe is a button that a broker implemented for its platform so it is not available in other platforms.
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