|The close stage deals with the definitions that make up the logic to close a position, including the target rate and size, and order execution.|
The close stage is opened when either the stop loss or take profit targets are hit.
In a way, the close stage is virtually a mirror of the open stage, as the same definitions are required to close a position. There are a few logical differences, though.
For example, in the open stage, you probably defined the target size as a function of the capital allocated to the trading system. In the close stage, you will likely want to define the target size as a function of the size filled, that is, the amount of the orders placed that was filled during the open stage.
|The close execution node groups all execution algorithms involved in the process of closing a position.|
The close execution section of the close stage works similarly to the open execution in the open stage. Please refer to the explanations of the open stage for the details.