The ReverseTriggers parameter allows you to turn a buy signal into a sell signal and vice versa. For instance, a BUY1 signal would be treated as a SELL1 signal or a SELL3 as a BUY3. Enabling ReverseTriggers is required if you are trading an alternative instrument that has a negative correlation to the underlying instrument. There are two situations where this can be the case:
1) Trading a currency pair and the underlying event currency is at the 2nd position. The underlying currency instrument for a GB release is GBP/USD. If you are trading EUR/GBP instead, you need to activate this function as it moves into the opposite direction of GBP/USD.
2) Trading a non-FX instrument with a negative correlation to the main instrument. For example, US – Bonds generally tend to fall on positive US news. They move opposite to USD/JPY, the underlying instrument on US news. Therefore, if trading T-Bond Futures, enable the ReverseTriggers parameter.
Since this is a very impactful change in regards to the direction of the potential trade, we’ve added a warning sign to the Strategy Tab that will appear next to the strategy column and help you to see if ReverseTriggers is enabled or not.