You cannot open an opposite-direction position on the same pair within 15 minutes of a trade closing at TP or SL. Doing so is treated as Reverse Trading, a rule violation.
The rule
If you open a Buy position on a pair (e.g. Gold/XAUUSD) and that trade hits either your Take Profit (TP) or Stop Loss (SL), you must not open a Sell position on the same pair within the next 15 minutes.
Likewise, if you open a Sell position and it closes at TP or SL, you must not open a Buy position on the same pair within the next 15 minutes.
Example
10:00 AM | You open a Buy trade on Gold. |
10:05 AM | The trade closes at TP or SL. |
Until 10:20 AM | You cannot open a Sell trade on Gold. |
Violation example
If you open a Sell trade at 10:12 AM (only 7 minutes after the Buy closed), it will be treated as Reverse Trading and may result in a rule violation.