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