The conditions under which an open position is closed. Exit logic can include profit targets, stop-losses, time-based exits, or opposite signals. In code, exit logic checks whether any closing condition is satisfied and then sends a close order. For example, a strategy might exit when profit exceeds a threshold or when an RSI falls below a level. As stated in Forex Strategy Builder documentation: “exit the market signals… are sent by the exit logic of the strategy”.

• Definition: Rules specifying when to close an existing trade (taking profit, stopping loss, reversing signal, or time expiry).

• Context: Exit logic produces exit orders (market/limit) when conditions occur. In many trading platforms, this is implemented by calling a close function (e.g. OrderClose() in MQL, or implicitly when using SetStopLoss()/SetProfitTarget() in NinjaScript).

• Example (MQL4/5):

  if(PositionSelect(Symbol()) && PositionGetDouble(POSITION_PROFIT) >= 100.0)
{
// Close 100% of current position
OrderClose(PositionGetInteger(POSITION_TICKET), PositionGetDouble(POSITION_VOLUME), Bid, 5);
}


• Example (cTrader cAlgo):

  // In OnTick(): if current position profit > $50, close it
var pos = Positions.Find("MyRobot", SymbolName);
if (pos != null && pos.GrossProfit >= 50 * Symbol.PipValue)
ClosePosition(pos);


• Example (NinjaScript):

  // Using strategy parameters StopLoss and ProfitTarget (ticks)
SetStopLoss(CalculationMode.Ticks, StopLossTicks);
SetProfitTarget(CalculationMode.Ticks, ProfitTargetTicks);
// Once StopLoss or ProfitTarget is reached, NinjaTrader automatically exits the trade.


  (Or manually: ExitLong(); to close a long position.)

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