Dislikedactually, the example I used above IS one where Iwould be using this strategy - if you want to compare it to your charting.Ignored
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the EA will need commands to "use Limit orders only", "use Stop orders only", or "use both Limit and Stop orders
Once the EA picks up the first Limit order, THEN the EA could place create 5 SELL STOP orders
DislikedFirst issue - "the EA will need commands to "use limit orders only", "use stop orders only", or "use both Limit and Stop orders" The reason I put this in is because there may be times when a person would ONLY want the Limit orders (above or below the price action) to initiate. This could be true if they knew that they wanted to sell above a price point or buy below a price point - but didn't want to chance picking up the additional trades from the Stop orders. Likewise - but opposite - maybe they wanted to start doing sells above a price point but...Ignored
DislikedThis is just a quick follow-up on the issue I was having with passing a string to a dll. I had an idea occur to me from reading the code you had suggested, broketrader. To keep the explanation short, I ended up using a char[] to store my string. It takes a few extra steps to deal with the string to char[] and back to string conversion, but nothing too elaborate, and it does exactly what I was originally trying to do.Ignored
DislikedIf "use Stop Orders only" is selected, then the EA would just place the Stop Limit orders beginning 5 pips below the Target - so the EA at that point is kind of like running a independent function from the EA in it's entirety.Ignored
DislikedBut - you know - if that is an issue - just forget about the choices aspect of using only Limits or only Stops. In the bigger picture the important thing will be using the combo of both. I was just trying to make it more multi-functional.Ignored
DislikedOh, I'm sorry. I guess I forget that you can't read my mind... my mistake.Ignored
DislikedOne more thing that I failed to mention.... In the situation where the trader sets the EA to make "SELL" trades & sets it for "Stop orders only" - and let's say that the Target is 1.4750 - so those orders go in at 1.4745, 40, 35, 30, & 25. If the price continues moving up, the EA should move all of the Stop orders up as well - in a fashion that would move them up in 10 pip increments, for every 10 pips ABOVE the Target that the price moved. Again - in this situation, it could work out that the price might pick up one or several of the orders - then...Ignored