Exit logic – The rules that determine when to close a trade. Exit logic can include profit targets, stop-losses, trailing stops, or exit signals. For instance, an EA might call Trade.PositionClose() or ClosePosition() when a profit target is met or a stop-loss is hit. In MQL5, exit logic might use Trade.PositionModify() to adjust stops or Trade.Close() to exit. In cTrader cBots, you use methods like Positions.Find() and ClosePosition(position) inside OnTick(). Python strategies specify exit conditions via code (e.g. if price > target: order.sell()). Good exit logic is essential for automated trading because it limits losses and secures gains per the strategy’s design. Many systems use both hard exits (stop/take-profit) and signal-based exits (e.g. reverse crossover) to handle different scenarios.

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