Hi,

After studying the manual, I am unclear if reverse will give the following desired behavior:

A sell signal is encountered and one short position opened. Four more sell signals are encountered and 4 short positions are opened to the maximum allowed (5). Two more sell signals are encountered and ignored. A buy signal is encountered and all 5 short positions are closed with 1 long position opened.

Is this how reverseShort and reverseLong work?

if (sell_signal) {
reverseShort(5); }
else if(buy_signal) {
reverseLong(5); }

Thanks!

Yes, that's how they work. You can see their source code in default.c.

Thanks, but the source code doesn't seem to do what I described. Ignoring updating stops and take profit in reverseLong, we are left with:

// if MaxTrades is not reached, open a new trade
if(NumOpenLong < MaxTrades)
return enterLong();
// otherwise, close any opposite trades
else if(!mode(HEDGING))
exitShort();

Perhaps I am off base, but wouldn't this have the action of closing all short positions only if the number of long positions open is equal to Max? I don't understand the "otherwise" - shouldn't it close all opposite in all situations? I was expecting something more like:

// close all opposite trades
if(NumOpenShort > 0)
exitShort();
// if MaxTrades is not reached, open a new trade
if(NumOpenLong < MaxTrades)
return enterLong();

Or am I in error?

It closes all opposite positions. Either with enterLong() or with exitShort().