Can open order again after close order forex

Can open order again after close order forex

02/10/ · If each order has its own expiration date, you should be constructing like an Array of opened orders and then use OrderClose() or PositionClose() individually (you need to know if you are working with a Netting or a Hedging account) That is all true. However, your broker stays in the same place. So they have to follow some time schedule as they can’t stay open 24 hours. Basically, then, the forex market stays open all day, but individual brokers around the world close usually around 5 pm (according to their geographical location) 5. If you do not wish to deal at the quoted levels, simply say "Nothing Done", hang up and call again later. Or, place a limit or stop order at your desired level. 6. Remember: A price given is the dealing price at that time; haggling is not allowed nor are Traders allowed to

HOW TO SET E.A DO NOT OPEN ORDER AFTER CLOSE - StrategyQuant Forum Topic

Friday is the end of the working week for traders as well. Ahead is the weekend and rest, after which again Monday comes, and the new working week herewith. Should I leave trades open on Friday or close them? Trading on Forex on Friday is possible and necessary, but at the same time, you should remember some issues that can protect your deposit from unwanted losses.

You can also leave trades open for the weekend, but consider some points that we will discuss next. The first thing to consider when trading Forex on Friday is the closing time of the Forex market. The exact time of your terminal can be found in the Market Watch window. In most cases, trading ends when this watch shows Some brokers close trades an hour or two hours before midnight. You can find out the exact information about closing a week session with your broker from its website or ask a support team about this.

You probably know the fact that news affects trading in the foreign exchange market. But Forex news on Friday is another story. Some events that take place on this day can shock the market. In the USA, at this time, important news is released, in particular, on the first Friday of the month — NonFarm Payrolls: the number of new jobs in the non-farm sectors of the economy over the past month. In the calendar, such news is marked with three red dots or other icons.

It is better not to trade on this day, and it is recommended to close open positions before such news.

Many traders are afraid that due to the release of important news or for other reasons, the market on Monday will open with a big gap, which in turn will adversely affect the balance.

Fear of the traditional gap at the beginning of the trading week makes the trader take a decision, at least on Friday evening. The price gap sometimes amounts to several dozen points, which can critically influence open deals.

Professionals with large deposits that trade in long-term, usually do not pay attention to such trifles, a gap of points is perceived as market noise. In order not to be afraid of gaps, it is worthwhile to work out the medium-term tactics of your actions on small amounts, for example, on the Standard or Mini account, can open order again after close order forex.

Can open order again after close order forex also have a few tips on how not to be afraid of gaps and leave deals open for the weekend:. The last option seems the most reasonable if there is a floating loss on current transactions, but you can open order again after close order forex sure that according to the TS they should go into profit.

If current deals are in profit, but the price has not reached Take Profit, then it is better to close them. We need to assess the fundamental situation on the weekend: business meetings can take place, comments from political and financial figures are possible, statistics may be released for example, in China — these factors, as well as unpredictable events and news, form a price gap on Monday.

In any case, a steady income in the network depends on your psychology, confidence in your strategy and ability to trade in the market. Instead, do not trade in situations that you can not predict.

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Can I Leave Orders Open over Weekends? - Action Forex

03/07/ · For example if I place a pending order at h and I set the closing time to minutes then the order should be closed at h no matter if it opened at h or h. Additionally if the order never opens the trade should be cancelled at h anyway That is all true. However, your broker stays in the same place. So they have to follow some time schedule as they can’t stay open 24 hours. Basically, then, the forex market stays open all day, but individual brokers around the world close usually around 5 pm (according to their geographical location) 03/05/ · close only profitable deals on Friday, fix the rest at the opening of the new week; close orders only by the signal of your trading system and, if necessary, leave open for the blogger.comted Reading Time: 4 mins