STS_Open_Trade_Bot for Meta Trader 4 is designed to manage already opened manually or by another Trading Robot positions. It is enough to enter the number of the open position and the Expert Advisor will start managing it. The aim is to take the most from the developing price movement, without having to stand in front of the monitor for days and hours.
There are 3 options for position management:
1. Moving Average - a developing winning Long position will close when the current price touches the MA from above down. A developing winning Short position will close when the current price touches the MA from below up.
2. RSI - a developing winning Long position will close at a low level of RSI (e.g. 30), and a developing winning Short position will close at a high level of RSI (e.g. 70).
3. Zig-Zag - a developing winning Long position will close at a downward Zig-Zag, and a developing winning Short position will close at an upward Zig-Zag.
