Disliked{quote} You mean as soon as you click on a Fire button, both the maket order and pending order are opened by the EA, but right after that the pending order is closed?Ignored
- Joined Aug 2014 | Status: Trading | 2,075 Posts
- Joined Aug 2014 | Status: Trading | 2,075 Posts
{quote} Huh Extremely sorry math the error was iam using same Magic number for all pairs
Trading is the hardest way to make easy money...
- Joined Jul 2013 | Status: Member | 1,045 Posts
Hello, everyone!
This is my first post on FF, and I hope no one minds if it is a question. I cannot seem to understand the "magic number". What is it exactly? What is it used for? What must it be changed into? What is its purpose? I have no idea, I am stuck, and I thought asking can't do any harm, but can only provide advantages. Zero risk, and potentially high reward, so to speak.
Thank you to those who are willing to answer and enlighten me!
Good day to you all!
This is my first post on FF, and I hope no one minds if it is a question. I cannot seem to understand the "magic number". What is it exactly? What is it used for? What must it be changed into? What is its purpose? I have no idea, I am stuck, and I thought asking can't do any harm, but can only provide advantages. Zero risk, and potentially high reward, so to speak.
Thank you to those who are willing to answer and enlighten me!
Good day to you all!
- Joined Aug 2014 | Status: Trading | 2,075 Posts
Hello, everyone! This is my first post on FF, and I hope no one minds if it is a question. I cannot seem to understand the "magic number". What is it exactly? What is it used for? What must it be changed into? What is its purpose? I have no idea, I am stuck, and I thought asking can't do any harm, but can only provide advantages. Zero risk, and potentially high reward, so to speak.
Trading is the hardest way to make easy money...
- Joined Aug 2014 | Status: Trading | 2,075 Posts
Math what do u say for example if you place a hedge trade to recover initial loss
example:
placed buy order 1.00 with take profit 10pip if it hit tp it is fine we will open new order
second case:
if it reverse and again after 5 pips of reverse we will place a pending order of 2.00 lot sell assume market got reverse and trigger this pending order
so we have now 2.00 with 10 pip tp and the tp of the first order also shld move to the tp of second order so if market went 10 pips in he direction of second trade it is fine both trade will be closed
Third case:
image market moves reverse after second trade triggered we will again place a double third trade pending 4.00 buy at 5 pips distance with Tp of 10 pips
and other 2 trades tp should move tp of third trade
and it goes on
as we are placing hedge at 5 pips only i dont think at any point market will hit third condition until unless market in slow movement after new york hours
What do u say Math
example:
placed buy order 1.00 with take profit 10pip if it hit tp it is fine we will open new order
second case:
if it reverse and again after 5 pips of reverse we will place a pending order of 2.00 lot sell assume market got reverse and trigger this pending order
so we have now 2.00 with 10 pip tp and the tp of the first order also shld move to the tp of second order so if market went 10 pips in he direction of second trade it is fine both trade will be closed
Third case:
image market moves reverse after second trade triggered we will again place a double third trade pending 4.00 buy at 5 pips distance with Tp of 10 pips
and other 2 trades tp should move tp of third trade
and it goes on
as we are placing hedge at 5 pips only i dont think at any point market will hit third condition until unless market in slow movement after new york hours
What do u say Math
- Joined Aug 2014 | Status: Trading | 2,075 Posts
- | Joined Jun 2015 | Status: Member | 48 Posts
Patience like a Cheetah - awaiting the exact right moment.