Another advantage is when there is sudden spike or something, and you are not comfortable trading, you can easily get out with minimum damage, before pending order becomes a market order. Since I am trading live, I have come out of such situations a few times.Ignored
At first I hated when a pair would spike 100 pips because my first trade would be .04 or .07 instead of .01. With market trades I would be losing on the .01, .02, .04 before the .07 trade, so I could easily be minus a couple hundred pips before the .07 trade is taken. This to me spells less dd and takes away the fear of those spikes. In fact I even like the spikes now.
If I could change one thing on the pending ea it would be to keep replacing the .01 thru the steps until a trade is finally taken, so my .07 trade would be .01 and the steps would start from there. That would really extend the range, reduce the dd and make this already great ea bullet proof, of course depending on the step distances.
Ur stuck in a rut that just keeps winning and winning and winning. I luv ur ea's. I'm just looking for less dd and a way around those interest rate and news spikes without having to baby sit my trades. My hats off to u, ur the one that started this whole thing....Best to u and urs...Dan