Distance order – tradeasy

Definition

An element used to open orders based on a specific distance between orders. The distance is typically measured in pips.

This element can be used to increase our positions as the price rises or falls, taking into account only the pips that the asset changes.

Signal type

The element can function in only one way. Filter mode, this will give a signal while 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

Order Distance - Amount of pips you want to have between orders.

Activate whenever - Choose between Equal or greater than or Less than.