Does BoT close trades with below settings? Or keep it open till I close it?

[diffrent.4ever]

Hello @Sanchay / Everyone,

I was working on building an strategy where in simulation it works well and I can see profit but when I applied it to demo account, bot only opens trade and not closing it. It's been three days in observing but no close trade action taken by bot.

I guess I'm missing something. Do I need to set parameters for take profit and stop loss for trade to get closed?

 

[Sanchay]

Yeah I can see the problem you have put everything as "0". I recommend you to learn about the settings here is some help: https://forum.galileofx.com/threads...etter-profitability-a-systematic-approach.37/

https://forum.galileofx.com/threads/how-to-optimize-stop-loss-take-profit-and-lot-size.44/

 

[The Common Sense Investor]

Well now consider your settings.
You picked consecutive bullish and bearish numbers. So your bot knew where to buy/sell. But you have not told the bot how much you want to take profit (in points). And you also haven't told the bot how much loss it should take.
Personally I use a take profit of 50 points and a stop loss of 10,000.
A stop loss of 10,000 means you in essence are not using a stop loss. It's like turning it off. I do this because I am counting on playing to the Drawdown.