Hi , i have a pending order script but i would like it to re-initiate when the SL gets hit.
The idea behind it is that i will get stopped out many times for a +-5 pip loss but eventually i will be in the wright position when price decides to move.
I will pay certain price to get in this position but at some time the rend will pay this price back, i am aiming to hold these positions for a few months, until they have grown enough.
My inspiration for this came after reading the following thread: http://www.forexfactory.com/showthread.php?t=22663
Especially the post of TheRealThing caught my attention, according to him this is a technique used by professionals, only they have some staff that keep watching the market 24h to place the trades manually.
If this is the case then i don't understand why i can't find an EA for this and why there is so little information about this on the web, is this idea maybe to simple?
I have been backtesting it a little bit visually and seems to be profitable,but i need to forward test it whit an EA to be sure.
Does anyone know what i have to change in the code to make it work as an EA that keeps re-initiating it after the SL?
When i put them in the expert folder an execute it then they just keep opening pending orders every second
The idea behind it is that i will get stopped out many times for a +-5 pip loss but eventually i will be in the wright position when price decides to move.
I will pay certain price to get in this position but at some time the rend will pay this price back, i am aiming to hold these positions for a few months, until they have grown enough.
My inspiration for this came after reading the following thread: http://www.forexfactory.com/showthread.php?t=22663
Especially the post of TheRealThing caught my attention, according to him this is a technique used by professionals, only they have some staff that keep watching the market 24h to place the trades manually.
If this is the case then i don't understand why i can't find an EA for this and why there is so little information about this on the web, is this idea maybe to simple?
I have been backtesting it a little bit visually and seems to be profitable,but i need to forward test it whit an EA to be sure.
Does anyone know what i have to change in the code to make it work as an EA that keeps re-initiating it after the SL?
When i put them in the expert folder an execute it then they just keep opening pending orders every second
Attached File(s)
DROP_PENDING_BUY.mq4
2 KB
|
240 downloads
DROP_PENDING_BUY.ex4
2 KB
|
197 downloads
DROP_PENDING_SELL.mq4
2 KB
|
231 downloads
DROP_PENDING_SELL.ex4
2 KB
|
211 downloads