After a year in forex, I came to conclusion that indicators suck!!!
........So i started to think about logics to put orders in that way
to be more wining trades than lossers....and this is what is all about!
Here are the rules:
1. SET OF ORDERS
At the closing price of the candle (on used timeframe), EA will place one buy order, one sell order,
and one pending order sellstop wich will be -50 pips below closing price.
2. SET OF ORDERS
If the pending order sellstop is triggered by price, then EA need to put another buy order
at level +25 pips from the triggered sellstop order.
That 4 orders is maximum number of orders at once!
TP and SL take calculations from all orders( total TP and SL)
and then if TP or SL are hit, all orders are closed!
I wish to discuss this method, and maybe make it more profitable!!!
Thanks to smjones for coding this EA.
........So i started to think about logics to put orders in that way
to be more wining trades than lossers....and this is what is all about!
Here are the rules:
1. SET OF ORDERS
At the closing price of the candle (on used timeframe), EA will place one buy order, one sell order,
and one pending order sellstop wich will be -50 pips below closing price.
2. SET OF ORDERS
If the pending order sellstop is triggered by price, then EA need to put another buy order
at level +25 pips from the triggered sellstop order.
That 4 orders is maximum number of orders at once!
TP and SL take calculations from all orders( total TP and SL)
and then if TP or SL are hit, all orders are closed!
I wish to discuss this method, and maybe make it more profitable!!!
Thanks to smjones for coding this EA.
Attached File(s)
GRID v1.mq4
5 KB
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3,010 downloads
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