Close by Equity

Close by Equity is a server side script for VertexFX platform. This script is designed to be used for take profit or stop loss, based on current equity status. It will close all opened positions at a certain equity level as defined by the input parameters.

We have two input parameters, mode_of_use and equity_percent_from_balance. Mode_of_use will define the EA purpose of use. With value 1 it will be used for take profit and 2 for stop loss. Second parameter equity_percent_from_balance should be used carefully based on value of first parameter. It should be a ratio grater than 1 for take profit and less than 1 for stop loss.

For example, with take profit mode, 1.05 will indicate closing of all open positions with 5% profit and for stop loss mode, 0.90 will close all open positions when equity goes below 90% of current balance.

Usage

• Download the attachment from vStore or directly from the vStore tab in your terminal by performing a right click on it and selecting Download & Install
• Copy it to your company VertexFX Local VTL Files folder i.e. C:Program FilesCompany Namevtl10Local VTL Files
• Restart your Client Terminal or Right Click on “Local VTL Scripts” Tree Node to find the script.