Pip gap

The Pip gap between orders – Prevent open module will prevent the opening of an additional order until there’s a certain amount of price between the Open prices of orders.

Settings

• Pip gap (pips): the amount of pips between multiple orders.
• Apply to orders in profit: a consecutive order will only open if the price is going in your favour. This setting is often used to accumulate the open position as the result of confirmation.
• Apply to orders in loss: a consecutive order will only open if the price is going against you. This setting is often used to get into a (by average) better position.
• Allow reverse order: always allow a reverse order to be opened, within the set pip gap.

Both the ‘Apply to orders in profit’ and ‘Apply to orders in loss’ can be enabled at the same time.

Important considerations

This module only prevents opening orders and does not open a new order when the gap has been formed. If you need an order to open automatically once the gap has been formed, please check out our ‘Grid Trend’ and ‘Grid Trend reversal’ EA templates and study the Open Buy and Open Sell signals.