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Using CloseBy function for an ECN broker
http://www.molanis.com/forum/viewtopic.php?f=9&t=5305
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Author:  kevinb1914 [ Thu Sep 20, 2012 8:29 am ]
Post subject:  Using CloseBy function for an ECN broker

Can the CloseBy function be used in an EA to close a trade with an ECN broker?

Author:  molanisfx [ Thu Sep 20, 2012 9:05 am ]
Post subject:  Re: Using CloseBy function for an ECN broker

Sure. ECNs only have restrictions when opening the trade (you need to send the order and after execution you add the stops)

Author:  kevinb1914 [ Thu Sep 20, 2012 1:18 pm ]
Post subject:  Re: Using CloseBy function for an ECN broker

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 7645 times ]
No CloseBy ECN Account.GIF
No CloseBy ECN Account.GIF [ 80.06 KiB | Viewed 7641 times ]

Author:  kevinb1914 [ Thu Sep 20, 2012 1:21 pm ]
Post subject:  Re: Using CloseBy function for an ECN broker

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.

Author:  molanisfx [ Fri Sep 21, 2012 8:54 am ]
Post subject:  Re: Using CloseBy function for an ECN broker

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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