radityo, congrats again for a great EA.
I have been exploring the Few Limit orders option of your system. I like the idea because we could profit from ranging and trending with the same system, I am still testing different numbers of limit orders and grid size to find a good balance with this setup.
But i have an idea to improve the potential for the system, lets see if i can explain (sorry, english is not my birth language)
Imagine a setup with 3 limit orders and 100 total orders. When the market ranges tight only the limits order are fired and the price comes back and the system takes profit as it should and a new cycle starts... perfect situation for the setup, but when the market moves a little bit wider, some stop orders are fired too and when the prices comes back, the system do not take profit, BUT the limits orders already reach full profit potential, so there is no need for them to stay open anymore. When this happens, we have to wait for a trend, so the stop order can be fired and the system takes profit and cycle another grid.
What i did manually is close the limit orders when they reach full profit potential (when all are hit) and open new limit orders on the same prices.
That way when market is ranging wide i took a few profits on the limits orders while wait for it start trending and profit from the stop orders.
But this way i have to be monitoring the system all the time. It would be awesome if the EA can cycle limits order while wait for the stop orders cycle.
Please ask any question if i was not clear enough with my idea.
I have been exploring the Few Limit orders option of your system. I like the idea because we could profit from ranging and trending with the same system, I am still testing different numbers of limit orders and grid size to find a good balance with this setup.
But i have an idea to improve the potential for the system, lets see if i can explain (sorry, english is not my birth language)
Imagine a setup with 3 limit orders and 100 total orders. When the market ranges tight only the limits order are fired and the price comes back and the system takes profit as it should and a new cycle starts... perfect situation for the setup, but when the market moves a little bit wider, some stop orders are fired too and when the prices comes back, the system do not take profit, BUT the limits orders already reach full profit potential, so there is no need for them to stay open anymore. When this happens, we have to wait for a trend, so the stop order can be fired and the system takes profit and cycle another grid.
What i did manually is close the limit orders when they reach full profit potential (when all are hit) and open new limit orders on the same prices.
That way when market is ranging wide i took a few profits on the limits orders while wait for it start trending and profit from the stop orders.
But this way i have to be monitoring the system all the time. It would be awesome if the EA can cycle limits order while wait for the stop orders cycle.
Please ask any question if i was not clear enough with my idea.