Orders count

Definition

The Orders Count is a record of the orders you currently have in the market . This record allows you to open trades until you reach a certain number of orders, or, conversely, to open more orders when you detect that you have reached a certain number of orders. 

Interpretation 

It can be useful when: 

• If you want to have a limit on open orders, it could be useful to avoid taking on more risk than you're willing to. 
• If you want to increase the number of orders beyond a certain amount, it could be useful to be able to increase your position and thus obtain more profit. 

Parameters

Signal type

The element can function in only one way. In filter mode, it will give a signal as long as the element is giving a signal.

NOTE: It is recommended to keep only one element with trigger signal type per rule, and the rest of the rule elements (optional) as filters. 

Parameters configuration

Number of orders - [default: 5]. 

Activate when – Equal or greater/less than.